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The US jobs data for November has, once again, beaten expectations. Non-farm payrolls increased by 321,000. The markets had been expecting an increase of around 230,000. In addition, estimates for Sept and Oct were revised higher by a combined 44,000. A separate survey showed the headline unemployment rate unchanged at …read more
Today’s GDP result has come in much weaker than had been expected and as a result the A$ has fallen sharply and we are hearing much more talk of possible further rate cuts in 2015. The third quarter result saw GDP rise just 0.3% for a 2.7% increase over the …read more
The Tourism Research Australia International Visitor Survey (see here for the full report download) shows intl visitors to Australia have risen by 8.2% for the year to Sept 2014 with expenditure up 5.4%. Unfortunately Queensland has performed less well with visitor numbers up just 3.6% and expenditure up 2.7% (i.e. …read more
I have just received the following email as an “Open Letter to the Cairns Community” from Tony Fung. The letter talks about his “commitment to one day deliver AQUIS for Cairns” (my emphasis) and notes that the delays caused in the probity investigation for the Reef Casino takeover will result …read more
The private capital expenditure data released this morning has been a pleasant surprise for the markets. Third quarter actual CAPEX had been expected to come in around a 1.5% decline; in actual fact the result was a modest 0.2% increase. The crucial Plant, Equipment and Machinery component, which will feed …read more
The data for construction work done in the third quarter shows a larger than expected contraction (seasonally adjusted) of 2.2% for the quarter. The market had been expecting a reduction of about 1.9%. The main cause of the $1.2 trillion decline nationwide (to $51.15 trillion) was the slowdown in engineering …read more
A while ago we completed a Strategic Plan for a FNQ Tourism body and in it made note of the wildly optimistic forecast embedded within the TTNQ Strategic Plan 2011-15. At the time TTNQ were forecasting expenditure to hit $3.2bn by 2015 which, at the time, represented a compound annual growth …read more
The State Accounts for the 2013-14 financial year released today by the ABS show that Gross State Product (GSP) in QLD rose 2.3% for the year (against GDP growth of 2.5%). The Northern Territory (+6.5%) and WA (+5.5%) led the way with the ACT coming up the rear at just …read more
NOTE regarding the ABS revisions to Sept and their impact on Conus Trend figures. The revisions to the ABS data for Sept and the preceding months, announced a few days ago and discussed here, have inevitably had an impact on the Conus Trend data for Sept. It is therefore worth …read more
Despite the rather disappointing QLD Building Approvals data reported on last week (see here), the regional data released this morning shows that things are holding up OK in the Far North. The ABS produce raw (unadjusted) data for the Local Government Areas and this shows Cairns (incl Port Douglas) at …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series