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The fall in inflationary pressures evidenced by the official CPI data last week (see here for commentary) is further emphasised by today’s release of the Cost of Living (COL) Indexes. The COL Indexes are designed to answer the question “By how much would after tax money incomes need to change to …read more
Just a few days ago we posted explaining why we thought the RBA would not be cutting the Cash Rate today (you can read it here), but we have been proven sadly wrong with the RBA cutting 25bps from the Cash Rate to 2.25% at today’s Board meeting. Clearly Terry …read more
After last months very strong Building Approvals data (see our post here) the market had been expecting a fall of 4.8-5.0% for the Dec data. In actual fact the monthly seasonally adjusted decline was just 3.3% for a 8.8% increase over the year. In addition the previous month’s data was …read more
Just after Christmas The Cairns Post ran an article highlighting the differences between our own Conus Trend and that calculated by Rick Carr at Herron Todd White, when we both came up with some significantly different numbers for the Nov data (see my post on the article here). Today sees …read more
Tuesday sees the first of the RBA Board meetings for the year and therefore the first opportunity for the Bank to move on interest rates…if it wants to. There has been much speculation in recent days suggesting that the Bank might be looking to cut the Cash Rate by 25bps …read more
Today saw the release of the Q4 inflation date. Headline CPI was up just 0.2% q/q for an annual increase of +1.7% (down from +2.3% in Q3), this was a little weaker than the market had been expecting and falls outside the RBA’s 2-3% target range. However, the measures more …read more
The release by the ABS of the unadjusted regional labour force data today has, once again, highlighted the extreme volatility of this series. The original data suggests that 3,400 fewer people were in work in Cairns in Dec than in Nov (despite a supposed increase of 500 jobs the previous …read more
While we were away over the Christmas break The Cairns Post ran a piece (see below) highlighting the differences between our own Conus Trend labour force data for the regions and the Trend data provided by Rick Carr from Herron Todd White. In actual fact Rick’s data and ours haven’t …read more
An article in today’s Innisfail Advocate regarding building approvals in the Cassowary Coast would appear to give us some insight into the CCRC building approvals data for Dec well before the ABS release it (due 10th Feb). The story quotes Mayor Bill Shannon as saying that residential building approvals for …read more
While we were overseas for the Christmas break the Dept of Employment released their Sept Small Area Labour Market (SALM) data, which we have only now seen. The SALM estimates are created using data from Centrelink data of people in receipt of Newstart and Youth Allowance by postcode, the ABS …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series