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The ABS release of residential building approvals for November confirms the slide continues; although the rate of that decline has certainly slowed. Seasonally adjusted data for Australia shows approvals were up 11.8% m/m and remain just 3.8% lower than a year ago, which is the best result since the middle …read more
The ABS this morning released their original regional labour force data which allowed us to update our Conus/CBC Staff Selection Regional Employment Trend data series. The Trend series shows us that Greater Brisbane has seen reasonable Trend employment growth for the year (+39,500) at a rate of 3.2% pa, far …read more
The November labour force data from the ABS will have provided just a touch of Xmas cheer in Canberra, Brisbane and Martin Place. The headline, seasonally adjusted unemployment rate dipped to 5.2% (from 5.3%) while employment lifted 39,900 (much better than the anticipated +15,000), although we should note that Oct’s …read more
As ABS Oct data shows Chinese visitations continuing to grow (+4.5% y/y) leading total short term arrivals higher (+3.1%), the State of Intended Stay data, when seen through the lens of the Conus Trend, shows Queensland (once again) underperforming against most other states. With total Trend short term visitations up …read more
Today’s release of the Sept 2019 Labour Account data series provides a wealth of information. One thing it allows us to do is take a look at incomes across various industry sectors and how they have changed in the past 12 months. The table below shows, for selected industries, the year-on-year changes …read more
TRA released their annual Tourism Satellite Accounts overnight for the 2017-18 financial year. There’s a bunch of quite interesting (although obviously already almost 18 months out-of-date) stuff in the release which can be found in full here. Looking at the higher level data we see that the tourism sector generated …read more
The ABS released their original regional building approvals data this morning which allows us to update the Conus Trend series for the SA4 regions in Queensland and the Local Govt Areas in the North. Given the latest data at the national and state level released last week provided no sign …read more
The Dept of Employment released their Small Area Labour Market data for the June quarter at the end of last week. The headline data is presented as a smoothed 4 quarters average at both Local Govt Area and SA2 level. However, hidden in the release is the original, unsmoothed, data and from …read more
The second quarter GDP data released this morning was slightly weaker than expectations, although upward revisions to past quarters saw the year-on-year number actually somewhat better than had been hoped for. Seasonally adjusted GDP rose 0.4% q/q for a year-on-year increase of 1.7% (up from 1.6% in the previous quarter). …read more
Data today for Ocotber shows no sign of the slide in residential building approvals stopping; although, if we’re looking for positives, then the Trend rate of that decline sits at it’s slowest for a year. In Australia approvals fell 8.1% m/m or 23.6% for the year (seasonally adjusted). Given the …read more
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