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Yesterday saw the release of the regional ABS Regional Building Approvals data for June. Having completed the Conus Trend analysis we can see that there is very little joy for the North in the numbers (not much of a surprise given the weakness in the State data…see commentary from last …read more
Over the past decade or so Victoria has been the stand-out winner when it comes to where our international visitors are heading. Data from the ABS shows that more and more of our visitors have been spending more time in Victoria; and the biggest loser has been Queensland. Since Jan …read more
ABS data this morning show short term arrivals into Australia running at a record high 693,000 (seasonally adjusted) in June. This is 12.9% higher than a year ago and as such is the fastest rate of growth since Jan 2005. Over the course of the past 12 months Australia has welcomed …read more
We should all be aware by now that the labour market picture in QLD is not a happy one; according to the latest ABS data for June the State’s unemployment rate stood at 6.5% (both s.a. and Trend) against that in the nation of 5.8% (s.a) or 5.7% (Trend). The …read more
After the release last week of the record low headline CPI numbers for Q2 (see here), and the RBA’s subsequent decision to cut rates by 25 bps yesterday, it comes as no surprise to see the quarterly Cost of Living Indexes confirming the lack of any inflationary pressure. The COL Indexes …read more
For the 12th time, starting in Nov 2011, the RBA Board have elected to cut the Cash Rate at their meeting today. The 25bps cut takes the Rate to a new low of 1.5%. With inflation falling well below the Bank’s 2-3% target (see commentary from last week) and the …read more
Today’s building approvals data for June highlights the slowdown we’ve been seeing nationally for a few months; and also sees Queensland, which had been holding up, going into decline. At the national level seasonally adjusted approvals fell by 2.9% m/m and 5.9% yr/yr after previous months were also revised weaker. …read more
Each month the Melbourne Institute release their Survey of Consumer Inflationary Expectations. This gives a good indicator where people believe inflation is heading. The chart below compares those expectations (on a quarterly basis) with the actual average core inflation data. What we see is that generally people’s expectations are, on …read more
Apologies to any others, but if you’re not a dyed in the wool economics tragic read no further. Back in uni days (over 30 years ago now) the old Phillips Curve theory was still being tossed around (although with modifications from the 1950’s original) and it’s always been something I’ve …read more
The headline CPI inflation measure for the second quarter has been released in line with market expectations. CPI was up by 0.4% for the quarter and up just 1% over the course of the year (the lowest annual plot since the second quarter of 1999). The average of the two …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series