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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
Today’s release of the regional building approvals data for November from the ABS doesn’t provide any good news for our region (not surprising given the general weakness at a state level seen last week…see here for details). The unadjusted regional data is best seen through the prism of the Conus …read more
A new year, and a time to reflect on where we stand in Queensland. And as far as the pollies are concerned (while Parliament is yet to return) the emphasis appears, as ever, to be on spinning the data to make whatever point they wish. In today’s Australian we see …read more
Once again highly volatile unit approvals have pushed building approvals data for November above market expectations. While the market had been looking for a 4.6% m/m increase in the seasonally adjusted data (after a 12.6% drop last month) unit approvals resulted in an actual total increase of 7.0% (down 4.8% …read more
ABS released their monthly unadjusted regional building approvals data for October this morning and we have updated our own Conus Trend series. Given the declines at a state level it is little surprise to see Trend approvals in our region also falling. At the SA4 level we see Cairns 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