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Some interesting work done by Mark Beath at Loose Change (see his post here) got me thinking about the need for reliable Trend series data for the Participation Rates of all the Queensland Regions (we have previously been calculating these only for Cairns and Townsville). As a result we have …read more
After the bizarre jobs data last week (see here for commentary) it is worth remembering that on a Trend basis Queensland saw the unemployment rate tick up to 6.7% from 6.6%. Fortunately the story in the Far North is looking better than that, with yet another month of improvement in …read more
Loose Change yesterday noted the release of the “report card” from the recent DestinationQ forum (see here for the press release). As he points out the claim of the tourism industry in Queensland having “grown by $3.5 bn” since the Newman Government came to power is the same that Tourism …read more
Before the previous state election the LNP’s Economic Blueprint for Queensland committed the new state government to achieving an unemployment rate of 4% in six years (not in this first term, as some seem to be be assuming). With unemployment currently running at 6.7%, and trending higher, what are the chances …read more
After the shock of a weak jobs report last month (see here), the data for August has come in so strong that it’s almost beyond belief. The headline seasonally adjusted unemployment rate has fallen to 6.1% from 6.4% in July with a massive 121,000 new jobs in the month. The …read more
The release by Tourism Research Australia today of the National Visitor Survey for the second quarter 2014 (available here) is yet more bad news for Queensland. Nationwide domestic overnight visits were up 5.1% from a year ago (although expenditure only increased by 3.6%..barely keeping pace with inflation), but to Queensland …read more
The second quarter GDP release this morning has come in bang-on expectations with a 0.5% increase for the quarter, giving us a (slightly below trend) growth of 3.1% for the year. Some of the data previously released for the quarter had pointed towards the possibility of a weaker print, so …read more
The latest International Visitors Survey from Tourism Research Australia (available here) shows international tourist numbers hit a new high in the year to June 2014 at 6.147 million, a rise of 7.6% from a year ago. Arrivals from China led the charge, up 10.5% to 708,000, but the US also …read more
ABS data this morning for Building Approvals in July beat market expectations. Seasonally adjusted approvals were up 2.5% for the month (against expectations around +1.7%) for a 9.4% increase on the year. The bulk of the increase came from the highly volatile units sector, with housing approvals up by just …read more
Private Capital Expenditure (CAPEX) for the second quarter was up 1.1% on a seasonally adjusted basis from the previous quarter. This result was significantly better than the market expectation of a fall of about 1%. CAPEX fell 4% from the same quarter a year ago. In Queensland CAPEX fell 2.1% for the …read more
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