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The Treasurer’s last Budget forecast economic growth for the state in the 2015-16 year of 3.5%. Given the first quarter 2016 Gross State Product data we’ve just had from the Treasury (see here) on our calculations we will be needing to see Gross State Product increase by 2.6% in the second …read more
The ABS have released their original Building Approvals data for July for the regions. The data is provided at both an SA4 (as well as SA3 and SA2) level and Local Government Area. We create the Conus Trend series for all the SA4 regions in Queensland and also for our …read more
Although the ABS only produce Gross State Product (GSP) data for the states on an annual basis, the Queensland Treasury produces their own measure (on both a seasonally adjusted and trend basis) on a quarterly schedule. Treasury have now released their estimates for the first quarter (to March 2016). Commentary …read more
Today’s International Visitor Survey from Tourism Research Australia for the June 2016 quarter (available here) provides some good news for Queensland, and particularly the Tropical North. International visitors to Australia were up 10.3% for the year to almost 7.25 million. expenditure lifted 14.6% with the average expenditure per visitor up by …read more
The July Building Approvals figures are stronger on the back of renewed unit approvals growth. The seasonally adjusted data for Australia shows total approvals rose +11.3% m/m and are up +3.1% y/y. The breakdown shows house approvals fell -0.6% m/m and were down -3.1% y/y while units were up +23.4% …read more
Today saw the ABS releases their original July labour force data for the regions. Our own Conus Trend analysis allows us to make some sense of this highly volatile data-set. The headline Conus Trend unemployment rates in both Cairns and Townsville SA4 areas sees some improvement over the month, although …read more
Curtis Pitt’s latest proposed changes to the way some government employees pension payments are calculated appears to make perfect sense; despite Opposition claims of a “smash and grab”. The relevant section in the proposed Revenue and Other Legislation Amendment Act 2016 (available here) comes in Part 8 – Clause 68 …read more
The ABS Labour Force data for July shows the headline unemployment rate dropping to 5.7% (expectations had been stable at 5.8%) with the addition of 26,200 new jobs (expected +10K). However, all of the strength has come from the part-time sector which added a thumping 71,600 while the full-time data …read more
Wages growth for the year to the June quarter was released this morning. It shows wages grew across the nation at 2.1% with the private sector doing somewhat worse (+1.9%) and the public sector better (+2.4%). The net result was weaker in QLD (just +2.0%) but the divergence between private …read more
Tourism Research Australia have released their latest 10 year tourism number forecasts (available here). They show total visitor nights in QLD forecast to rise at an average rate of 3.9% pa for the 10 years to 2024-25. The pace of growth is forecast to be slightly slower in the non-Brisbane …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series