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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 last week’s release of slightly better than expected building approvals data at the state and national levels (see here) today saw the release of the regional data. As always the ABS regional data is presented in its original form without any seasonal adjustment so we need to consider the Conus …read more
Today’s release of data for short term International Arrivals and Departures shows a continuation of the trend of Arrivals growing much faster than Departures; a sharp reversal of the situation from 3 years ago when the A$ was well above parity with the Greenback. For July we saw Arrivals growing …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 ABS this morning released the regional labour force data. As always when considering this unadjusted series, we need to look at the underlying Conus Trend if we are to make any sense of the numbers. What we see here is a Conus Trend Unemployment Rate in Cairns that has …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series