This morning’s release of building approvals data showed a sharp 5% decline m/m in the country as a whole (this still left the annual increase at 23.2%), as units fell sharply (-7.7%); houses also fell 2.1%. These are always highly volatile numbers so the Trend series is much preferred; this …read more
Over the weekend Loose Change ran a post regarding Gavin King’s “tourism turnaround” using data from the ABS Short Term Arrivals and Departures data. The point Loose Change makes is indeed a valid one. As the graph below clearly shows, the share of international visitors that have been coming to QLD has …read more
Data released by the ABS this morning shows that Retail Trade grew, as expected, by 0.5% for the month in December. The final quarter of the year saw a 0.9% increase in volume terms. Both numbers support the contention that the Aussie consumer is slowly becoming less cautious and spending …read more