The ABS weekly payrolls data (sourced from the ATO Single Touch Payroll system) updated its latest series yesterday and today. What we see is a clear national improvement being driven largely by the recovery in Victoria as the state continues to come out of lock-down. Victoria registered a 1.4% improvement …read more
The long grind back to something approaching ‘normal’ continues. The latest Google Mobility data to 6th Dec shows a steady improvement across all States in recent weeks as SA came out of its short lock-down and most State borders opened. WA and QLD lead the recovery with total activity down …read more
Original regional building approval data for October released yesterday by the ABS allows us to update our Conus Trend series for the Queensland SA4 regions as well as our local Local Government Areas. While approvals were up 14.3% y/y across the nation in Oct, Queensland saw a 9.3% decline on …read more
Tthe ABS have just released the Sept 2020 quarter Labour Account data series which 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 data provides us, …read more
The original ABS regional labour force data for October out today allows us to update our Conus/CBC Staff Selection Trend series and what this makes clear is that the recovery in employment seen in Queensland (see here for more details of last week’s State and National data) is being driven …read more
Last week we noted that increases in participation across Queensland saw the headline unemployment rate lift despite some solid employment growth (see here for details). Today’s regional data, when seen through the lens of the Conus/CBC Staff Selection Trend data, allows us to see how that played out across the …read more
With restrictions slowly being relaxed in Victoria the latest Google Community Mobility data (to Oct 16th) shows that economic life across the nation continues to, slowly, improve. Using our Economic Activity Index (the 7-day moving average of the Google Community Indexes without the Parks and Residential measures) we see activity …read more
While international travellers through Cairns airport remain virtually non-existent (241 in Sept) domestic passengers continue to improve, albeit slowly. Passengers, including those transiting through Cairns, were down 69% from a year earlier; in August the decline was 77%. There’s a long way to go!
Last week saw the national and state residential building approvals data for August (see here for details), today we got the original ABS regional data which allows us to update our Conus Trend series. Although approvals in Queensland were up 12.0% from a year ago, today’s data shows us that …read more
After a spell of limited data coming from the Google Community Mobility data (due to them revising a few of the indexes) we now have data up to the end of Sept (data available here). The combined indexes show a generally stabilising trend over recent weeks. Victoria has partially recovered …read more