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I was in Brisbane on Friday at the Australian Conference of Economists and heard the Treasurer Curtis Pitt announce his plan to shift $4.1 billion of debt from the General Government sector to the energy Government Owned Corporations. He argued that this would save up to $600 million in interest …read more
After the stellar jobs numbers last month (at least, when considering the seasonally adjusted data…see commentary here) it came as no surprise to see a less remarkable set of figures today for June. The headline employment data saw an increase of 7,300 after May was revised slightly lower to +40,000. …read more
After last months’ disappointing building approvals data, today’s numbers for May indicate a slightly stronger picture in the Far North. The headline, unadjusted data from the ABS is always too volatile to discern direction from, but the Conus Trend paints a picture. The unadjusted data showed 98 approvals in Townsville, …read more
The ABS have finally caught up with their Overseas Arrivals and Departures data with today’s release of the numbers for May just 5 days after we got the April data. Releases will now return to their normal monthly cycle. What today’s data shows is that (when considered on the Trend …read more
The ABS have been doing a good job getting the overseas arrivals and departures data up-to-date after the problems with a change in card processing. Today we see the data for April and just a few days later, next week, we’ll have the May data which will bring us up-to-date …read more
Tourism Research Australia have today released their National Visitor Survey for the March quarter (available in full here). It shows domestic tourism in Australia continues to grow and exceed previous records. Total visitor numbers for the year to March 2015 stood at 82.3 million, up 6.1% for the year. Growth …read more
The release of May Building Approvals from the ABS this morning were better than the market had been expecting. Total approvals (seasonally adjusted) rose by 2.4% in May against expectations of a 1.2% increase. This gives us a 17.6% increase from the same time a year ago. However, the increase …read more
The ABS today released the National Regional Profile for the years 2009-13. This data, which covers a broad range of topics, is collected for Local Government Areas, and the Statistical Areas down to SA2 level (Innisfail, Johnstone and Tully). Some of the more relevant details for the Cassowary Coast since …read more
The quarterly ABS population estimates for the final quarter of 2014 show total resident population growth has fallen to an annual rate of just 1.4%, the slowest rate of growth since the end of 2010. Net overseas migration fell to just 32,500 in the quarter which is the smallest number …read more
Yesterday’s TRA International Visitor Survey for the Dec 2014 quarter saw a “first” for the Aussie tourism market. The UK market fell below 10% of total international visitors for the first time ever. As the first chart shows, although total numbers are still well above lows seen in 2012, the …read more
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