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Today’s release of Retail Trade figures for Sept and the third quarter surprised on the upside due to strong growth in the electrical goods sector (being pegged to the release of the iPhone 6). Seasonally adjusted data showed retail trade rose 1.2% on the month and was up 1.0% for …read more
Although we have been, and continue to be, rather sceptical about the Master Builders Survey of Industry Conditions (largely because the forecast changes always seem either wildly optimistic, or horribly pessimistic) their most recent report for the Sept quarter (available for download here) shows actual business performance conditions (as opposed …read more
The upswing that we’ve been seeing in Building Approvals appears to be coming to a rather abrupt end. The data for Sept shows nationwide approvals fell by 11.0% for the month and by 13.4% for the year. However, these seasonally adjusted figures are often very “lumpy” because of the impact …read more
Data released overnight in the US showed GDP growth at an annualised 3.5% in the September quarter (this compares with +4.6% ann in Q2 and -2.1% ann in Q1). Over the course of the past 12 months the US economy has expanded a real 2.3%. The result was somewhat stronger …read more
As we commented on at the time (see here) the Productivity Commission draft report into disaster relief funding contained some very worrying recommendations around NDRRA disaster funding. The proposed reduction in Federal assistance from 75% to 50% would result in a massive, and achievable, increase in the share of cash …read more
As had been widely anticipated, the Fed have announced the ending of their bond-buying program (known as QE3) in the statement at the end of the 2 day FOMC meeting. While the announcement came as no surprise the general tone of the announcement from the FOMC has been seen as …read more
Despite the political rhetoric about how all us Aussies are doing it tough with cost of living pressures, the reality is rather different. The Cost of Living Indexes released this morning by the ABS are designed to answer the question “By how much would after tax money incomes need to …read more
Our previous blog regarding the Dept of Employment Small Area Labour Market (SALM) data contained a graph showing the unemployment rate for the Cassowary Coast, Cairns and Townsville Local Government Areas. We had previously been tracking the aggregated unemployment rate for the CCRC using the “old” Statistical Local Area data …read more
Every quarter the Department of Employment produce their Small Area Labour Market (SALM) statistics. Following the changes to the ABS geographical standards this year the Dept have been struggling to put together the data for the March and June quarters of 2014. It’s been a long time waiting but today …read more
Today’s Cairns Post has splashed with a story that Tony Fung is prepared to walk away from the Aquis proposal if his proposed take-over of the Reef Hotel Casino isn’t OK’d by the authorities soon enough. However, behind the brouhaha lies a simple truth; the process isn’t taking any longer than usual. …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series