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Pete was on the ABC Far North with Kier Shorey this morning discussing the TRA International Visitor Survey for March 2015 and the figures for TNQ. You can read our commentary on the report here and, if you missed the show this morning, listen below.
The June Building Approvals data for June released today by the ABS show total approvals fell (seasonally adjusted) by 8.2% on the month for a 8.6% increase over the year (this down from +18.3% last month). Market expectations had centred around a 0.8% decline. However, after last month’s numbers being …read more
The ABS Cost of Living Indexes for the second quarter show something of a rebound quarter/quarter due to the unwinding of a sharp fall in the cost of transport seen in the previous quarter. The COL Indexes are designed to answer the question “By how much would after tax money …read more
The Tourism Research Australia International Visitor Survey for the March 2015 quarter (available here) shows some solid growth in international visitor numbers. Across the country visitors grew by 7.8% over the year to just under 6.5 million. Chinese numbers were up 18.6% for Australia as a whole while the US …read more
Today’s ABS release of CPI data this morning shows Consumer Price Inflation (CPI) rose 0.7% in the second quarter of 2015 (after a 0.2% increase in the first quarter) for an annual change of 1.5% (up from 1.3% in the previous quarter). While this remains well below the RBA’s target …read more
Regional labour market data for June released by the ABS this morning shows the position in Cairns stuck around a Trend unemployment rate of 8% and falling to 3rd worst place, from 4th last month; this month just Wide Bay (10.2%) and Logan-Beaudesert (9.0%) have higher rates of Trend unemployment. …read more
I was in Brisbane on Friday at the Australian Conference of Economists and heard the Treasurer Curtis Pitt announce his plan to shift $4.1 billion of debt from the General Government sector to the energy Government Owned Corporations. He argued that this would save up to $600 million in interest …read more
After the stellar jobs numbers last month (at least, when considering the seasonally adjusted data…see commentary here) it came as no surprise to see a less remarkable set of figures today for June. The headline employment data saw an increase of 7,300 after May was revised slightly lower to +40,000. …read more
After last months’ disappointing building approvals data, today’s numbers for May indicate a slightly stronger picture in the Far North. The headline, unadjusted data from the ABS is always too volatile to discern direction from, but the Conus Trend paints a picture. The unadjusted data showed 98 approvals in Townsville, …read more
The ABS have finally caught up with their Overseas Arrivals and Departures data with today’s release of the numbers for May just 5 days after we got the April data. Releases will now return to their normal monthly cycle. What today’s data shows is that (when considered on the Trend …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series