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Today’s release of the fourth quarter 2014 GDP data has come in broadly in line with market expectations. Quarterly growth was +0.5% for an annual increase of 2.5%. This compares with +0.4% q/q in Q3 (revised up from +0.3%) and +2.7% ann. The main drivers of growth were net exports (largely on the back of weaker imports) which added 0.7ppts …read more
The 2015 Property Market Movement Report from the Valuer-General shows residential land values in Cairns have increased by an average 12.9%, the Cassowary Coast sees values slip by 3.9% while Townsville remained static. The land values created by the Report are used by Councils in the determination of rates payable. In Cairns …read more
Today’s release of Building Approvals in January has surprised the markets with a seasonally adjusted 7.9% increase (against expectations of a 1.8% decline). In addition previous months have been revised sharply higher. The seasonally adjusted annual growth figure is now 9.1%, slightly weaker than the 9.6% rate of Dec (although this was revised …read more
Today sees the release of the Herron Todd White Cairns Watch report for February. In it we see that HTW are estimating Jan Trend unemployment in Cairns at 8.6%. The headline ABS unadjusted rate was 8.1% and our own Conus Trend came in at 7.5%. As we’ve discussed previously, there …read more
Private Capital Expenditure (CAPEX) data from the ABS for the fourth quarter disappointed the market with a 2.2% decline on the quarter (against an expected 1.6% decline). This comes after an upward revision to the Q3 data saw a 0.2% increased upgraded to a 0.6% increase (see our post on …read more
Following on from our previous post (see here), we have now had time to take a look at the data to determine what has been going on with Cairns youth employment and population data. First we should acknowledge that the data-set which the ABS will be using when looking at …read more
We didn’t have time to look at the youth unemployment data from the ABS on Thursday until today. The headline (and wildly volatile) un-adjusted data for January showed an increase in the unemployment rate of 15-24 year olds at 24.9% (up from 23.9% in Dec), a sharp fall in Participation …read more
Today’s ABS unadjusted regional labour force data for Jan is, as always, wildly volatile. As an example the headline unemployment rate in Mackay in Jan jumped to 10.3% (3rd highest in the state) despite being just 3.2% just 6 months ago. Clearly the Trend analysis is what we need to …read more
Mark Beath at Loose Change has an excellent post on the latest Master Builders Survey of Industry Conditions for the Dec 2014 quarter. As Mark highlights, the forecasts from the survey have a rather chequered history when compared to actual results. Nevertheless, in the Far North area the survey has …read more
A post over the Queensland Economy Watch has raised a question regarding “underutilisation” rates and I hope that Gene will forgive me for jumping in and posting some info here. This data is provide by the ABS on a quarterly basis with the most recent date relating to Nov 2014. …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series