Updated TNQ tourism data is a mixed bag

We have returned from a few weeks away over the New Year and now have a chance to take a look at the tourism data released by Tourism Research Australia (and available here) while we were away. The (delayed) International Visitor Survey was released at the same time as the …read more

QLD Public Sector work force data shows the regions are lagging behind even as growth continues

The release of the September quarter Public Sector work force data (which was released late in the afternoon on the Friday before Christmas presumably to avoid much commentary!) shows (again) that the Government’s fiscal principle of keeping full-time equivalent Public Sector employment growth to that of population growth has not been met. FTE …read more

Trend regional data shows the Regions beating Brisbane

The ABS release of their original regional labour force data allows us to update our own Conus/CBC Staff Selection Regional Employment Trend data for Nov. This series, derived from the unadjusted original ABS data, provides a more timely insight into the regional data than the oft-quoted annual averages. In the …read more

Another strong labour force result…unless you’re in Queensland

The ABS Labour Force survey data for Nov released this morning provides another strong result. Employment increased 37,000 (seasonally adjusted) although the October increase was revised a touch lower. The market had been forecasting growth about 20,000. However, on the back of a tick-up in the Participation Rate, the headline …read more

Regional Building Approvals data shows the regions doing better the Brisbane

Today we saw the release of the regional detail of residential building approvals data and the derived Conus Trend shows us that the regions are doing rather better than Greater Brisbane (although both are trending lower). Across the State approvals were down 12.0% y/y in October but when we look …read more

GDP disappoints

The third quarter GDP data released this morning came in lower than expectations as household consumption growth tailed off. The market had been looking for real GDP to lift 0.6% for the quarter to give a 3.0% y/y figure. The result was just a 0.3% q/q lift which, with some …read more

The Building Approvals slide accelerates

Today’s release from the ABS of residential Building Approvals data for October shows the slide, both at national and state level, continues at a slightly faster pace. Residential Building Approvals across Australia fell by 1.5% m/m for a 13.4% y/y decline (seasonally adjusted), this after a revised 12.8% y/y decline …read more

Jobseeker numbers continue to decline; they fell by 9.5% in QLD in past 12 months

The Dept of Social Services original data on the Youth Allowance and Newstart Recipients for October allows us to update our own Conus/CBC Staff Selection Jobseeker Trend series for Cairns and Townsville SA4s. Trend jobseekers have again fallen in both areas; although Cairns continues to do rather better than Townsville. …read more

Regions leading the way on QLD jobs

The original ABS regional labour force data for Oct released this morning allows us to update our own Conus/CBC Staff Selection Trend data. Doing so makes it clear that, while the State as a whole is doing poorly (see here for commentary from last week), the regions are outscoring Greater …read more

Is the Chinese tourism boom to Australia coming to an end?

The simple answer to the question posed above, at least based on ABS data for Sept released today, would be ‘probably’. The Trend data for short-term arrivals into Australia from China shows a 1.3% increase over the year to Sept, following on from a 0.9% increase the month before. To …read more

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