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The National Visitors Survey from Tourism Research Australia today (available for download here) shows a very healthy 7.6% growth in the number of domestic trips across the country for the year to March 2016. In Queensland that growth rate was even better (+8.8%) but it was the Tropical North which …read more
The release by the Dept of Employment of their Small Area Labour Market (SALM) data for the first quarter to March 2016 confirms the weaker story that we’ve been seeing in North Queensland for a while. The SALM data is based on a range of indicators including ABS Labour Force …read more
Yesterday we released our most recent Conus Trend building approvals data for all the Queensland SA4 Regions (see here). For some time we have also been providing Conus Trend estimates for the Townsville City, Cairns Regional , Cassowary Coast Regional and Douglas Shire Councils. However, we have not previously calculated for …read more
The RBA Board decided to leave rates unchanged at their monthly meeting today; and that surprised no one. What did give the markets a bit of a shock was the wording of the announcement. In particular this section…“Taking account of the available information, and having eased monetary policy at its …read more
Despite the stronger data at a state level for April (see here), which had QLD hit a new record high for Trend approvals, the regional data released today has little of good news for our region. Looking first at the Local Government Area data we see Townsville continuing to slide …read more
Wednesday’s release by TRA of the International Visitor Survey for the first quarter (see commentary here) left no one in any doubt that tourism in Australia was moving ahead strongly. Today we see the first ABS data for arrivals and departures relating to the second quarter with April’s numbers; and …read more
The first quarter GDP data released this morning has come in well above expectations largely on the back of export growth. The markets had been looking for seasonally adjusted GDP growth of around 0.7 – 0.8% q/q which would have given an annual rate of about 2.9%. The actual result …read more
This morning saw the release by Tourism Research Australia of the International Visitor Survey for the March 2016 quarter; and it’s good news all round as the tourism sector continues to benefit from a weaker A$. Full details available for download here. At a national level international visitor numbers were …read more
The continued strength in unit approvals has, once again, seen the total building approvals data for April surprise on the upside. Seasonally adjusted data shows a 3.0% m/m increase for a 0.7% growth on the year (the first yr/yr increase in 6 months). However, the increase came exclusively from unit …read more
Lots of commentary about the terrible jobs data for April in Townsville released by the ABS on Thursday (see here). The “original”, unadjusted data from the ABS (and the only series for the regional data that they produce) had the unemployment rate at 13.9%. Our own Conus Trend came in …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series