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Today saw the release of the March regional building approvals data from the ABS at both SA4 and LGA level. Following the (very) modest improvement in the Trend data at a state level last week (see here for details) we have seen a similar story emerge in the Far North. …read more
Today’s building approvals data for March have come in well below market expectations, although the Trends at both state and national level were positive for the month; the first time they’ve both been positive since early 2016.. March’s approvals across the nation fell by 13.4% for the month (expected down 3.9%) …read more
We’ve only now had time to crunch the numbers for the February regional building approvals data (released while we were on holiday a few weeks ago), but it doesn’t provide any joy for the North. Considering the SA4 regional data first, the Conus Trend series for Cairns shows a slight …read more
The ABS Building Approvals data for February shows a sharp improvement at both a state and national level with unit approvals being the main leader of the improvement. Seasonally adjusted data for Australia shows approvals up 8.3% m/m for a decline of 4.9% y/y (after some upward revisions to previous …read more
The decline in Trend residential building approvals in QLD reported last week (see here) means that a similar fall in the North was to be expected. However the declines in both Cairns and Townsville are still larger than we might have hoped for. The original, unadjusted data from the ABS …read more
Building Approvals for January have defied expectations of a decline and bounced 1.8% for the month (seasonally adjusted), although this is still a 12.0% decline for the year. On the more stable Trend basis approvals fell 2.1% for the month and were down 15.5% over the year. As has been …read more
The annual Business Count data for the financial year 2015-16 shows the Cassowary Coast (consisting of the three SA2 areas Innisfail, Johnstone and Tully {which includes Mission Beach and Cardwell}) lost 94 businesses between 2013-14 and 2015-16. This corresponds to a 2.9% decline across the entire region; although Johnstone saw …read more
Pete spoke to Kier Shorey on ABC Far North this morning about the latest regional building approvals data from last week (see here) as well as his thoughts on the otulook for 2017 and beyond. You can listen to the interview below.
Today’s release of Regional Building Approvals continues the recent trend of declines. The original, unadjusted ABS data is best seen through the lens of the Conus Trend and here we see the SA4 Region of Cairns drop from a revised 74 in Nov (was 73) to 70 in December; this …read more
ABS data for December building approvals show further declines. Seasonally adjusted approvals fell 1.2% m/m for a fall of 11.4% over the year. In December house approvals were down 2.2% from Nov and dropped 9.8% from this time a year ago while unit approvals fell by just 0.1% for the …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series