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The ABS supplemented last weeks national and state residential building approvals data with their original (unadjusted) regional data this morning. When seen through the lens of the Conus Trend the data confirms the ongoing improvement in building approvals underway in the North. With Australia Trend approvals down 6.7% for the …read more
The fourth quarter GDP data released this morning was stronger than expectations, which along with upward revisions to past quarters saw the year-on-year number significantly better than had been hoped for. Seasonally adjusted GDP rose 0.5% q/q for a year-on-year increase of 2.2% (up from 1.8% in the previous quarter). …read more
We will see the latest national accounts for the fourth quarter of 2019 released by the ABS on Wednesday morning, but in the meantime the Queensland Treasury released their own State Accounts data late last week for the third quarter. While the ABS produce State Final Demand (the domestic side …read more
The release by the ABS of their original regional labour force data allows us to update the Conus/CBC Staff Selection Regional Employment Trend series for Queensland. While these January figures will have been collated prior to the full impact of the COVID-19 being felt they do at least provide some …read more
Yesterday saw the release by the ABS of their annual Business Count data which tells us the total number of businesses in the country. The data is available at national, state, SA2 and LGA level (with varying degrees of detail). For the year to June 2019 Australia added almost 62,500 …read more
The release of the January Labour Force data from the ABS this morning paints a rather weak picture across the nation, although not so much that the RBA will be surprised. Employment (seasonally adjusted) lifted slightly more than expected (+13,500) with only a very small downward revision to the Dec …read more
The release of the Short Term Arrivals and Departures data by the ABS for December confimrs the fact that the number of arrivals from China was already in decline well before the imapct of the coronavirus was felt. While total Trend short term arrivals were up 2.6% y/y (to 801,800) …read more
The release today by the ABS of the original, regional building approvals data allows us to update our Conus Trend series for the SA4 regions of Queensland as well as the LGAs in the North. Last week’s release showed Trend approvals in Queensland down 7.7% for the year. Today’s data …read more
The release by the Dept of Employment of their Small Area Labour Market (SALM) data for the September 2019 quarter, when seen through the lens of the Conus Trend SALM series, gives us our only genuine look at the detail of the labour market at the finer grain level of …read more
ABS data for residential building approvals in Dec show a 2.1% improvement for the month (Trend) which equates to a 5.9% decline for the year. This is the fourth consecutive month of monthly improvements and sees growth at its fastest pace in more than 2 years. The more volatile seasonally …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series