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Yesterday saw the release of Tourism Research Australia’s National Visitor Survey for the June quarter; and the numbers make good reading for those of us in the Far North. Total overnight domestic trips in Australia were up 5.2% to 83.2m while QLD saw growth of 5.6% to 19.1m. However, in …read more
The labour force data for August (released this morning) showed an increase of 17,400 jobs seasonally adjusted, against expectations of about 6,000. In addition, the strong growth last month was revised higher by an additional 1,300. Full-time jobs led the way, up 11,500. With the Participation Rate falling slightly (to …read more
An article in today’s Cairns Post talking about how a lower A$ was helping to boost Australian tourism (both international and domestic) spurred me to take a quick look at how tourism in the Tropical North was tracking against the goals outlined in TTNQ’s 2011-2015 Strategic Plan. The Plan targets …read more
After the surprisingly strong first quarter GDP data (see here), today sees the release of some disappointing data for the second quarter. Real GDP was up by just 0.2% for the quarter and 2.0% annually (against expectations of +0.4% and +2.2%). As we noted yesterday upon the release of the …read more
The release today by Tourism Research Australia of their International Visitor Survey for the year to June 2015 confirms what has been clear to many in the region for a while; international tourism is looking really good. Across the nation as a whole we see a 6.6% increase in international …read more
The Building Approvals data for July has come in slightly better than expected; at the same time we have seen positive revisions to last month’s weak data. In July total approvals nationwide rose by 4.2% seasonally adjusted (expected +2.9%) with the 8.2% decline in June being revised to a 5.2% …read more
Today’s release of the CAPEX data for the second quarter shows private capital expenditure still falling (down 4.0% from the previous quarter and down 10.5% from this time last year) but at a marginally slower rate than in Q1. The main point of interest in the data however is the …read more
The labour force data for July released by the ABS this morning shows the headline (seasonally adjusted) unemployment rate jump to 6.3% (from an upwardly revised 6.1% in June) despite the creation of 38,500 new jobs. The markets had been expecting only about 10,000 new jobs but the unemployment rate …read more
Pete was on the ABC Far North with Kier Shorey this morning discussing the TRA International Visitor Survey for March 2015 and the figures for TNQ. You can read our commentary on the report here and, if you missed the show this morning, listen below.
The June Building Approvals data for June released today by the ABS show total approvals fell (seasonally adjusted) by 8.2% on the month for a 8.6% increase over the year (this down from +18.3% last month). Market expectations had centred around a 0.8% decline. However, after last month’s numbers being …read more
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