Month: October 2018

Regional data dilemma

The previously posted Cairns Chamber presentation from Bill Cummings includes some strong opinions on survey sample data: Unfortunately, there is another series based on sample surveys that causes confusion – the ABS Labour Force series is published each month. Just how bad the series is, is illustrated by comparison with Census data when it came…

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Weekend Diversions

It looks like getting hot and unpleasant in coming days. An excellent opportunity to sit back, relax and catch up with the annual presentations a few months ago now to the Cairns Chamber lunch by Bill Cummings and Rick Carr: Rick Carr: The Cairns Property Market Bill Cummings: Text; Presentation. These two have been around…

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Cairns Airport: Friday dump

Cairns Airport has posted numbers for September. International -4%, domestic -3% on the previous September 2017. Without an imminent turnaround that annual trend could pull down for at least a few months yet. The numbers here are Cairns passengers ex transits etc. The full annual data including transfers and transits has gone negative which will…

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Some quick graphs on O/S A&D

Overseas Arrivals & Departures data from ABS this week. Commentary: International arrivals still growing; QLD gets its mojo back while Tassie slows Qld “gets its mojo back” on international visitors Tourism is still booming, but not just from China Again, more questions than answers. While annual short term visitor growth to Australia remains positive the…

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Sugar makes a break

The beleaguered sugar price looks to have finally made a break up from recent trends.   It appears that that the weaker prices have led to a supply response with lower production anticipated in Thailand and also Brazil triggering some short covering from traders: QSL Market Update

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What goes around

While awaiting the September update from Cairns Airport the BITRE have updated national numbers for July. Top 20 airports summary growth for the year to July: This time I have included Proserpine which has distorted numbers following the impact of Cyclone Debbie on the Whitsundays when it replaced Hamilton Island in the top 20. Monthly…

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Parsing the pokie cycle

It’s monthly EGM (pokie) stats time again in Queensland. In September the Cairns SA4 region continued to outperform the state in losing money. I will leave the internal local data for now and look for broadly at Queensland regions. This is growth in EGM win/loss for the September quarter over the last two years: SA4…

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Just saying ………

Bill Cummings presented his annual review of the region’s economy to the Cairns Chamber of Commerce on 24th July 2018: Growth of the region’s tourism sector with earnings now over $3bn was strongly checked, 2008 to 2014, by the GFC and extremely high Australian dollar causing a retreat of over 20%. But this has been…

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