arrivals and departures

ABS stats for overseas arrivals and departures during November have been posted today.

 SHORT-TERM VISITOR ARRIVAL

• Trend estimates: Short-term visitor arrivals during November 2011 (505,300 movements) increased 0.5% compared with October 2011 (502,900 movements). This followed monthly increases of 0.9% in September 2011 and 0.7% in October 2011. The current trend estimate for arrivals is 0.8% higher than in November 2010.
• Seasonally adjusted estimates: During November 2011, short-term visitor arrivals (502,400 movements) recorded a decrease of 0.6% compared with October 2011 (505,200 movements). This followed a monthly decrease of 3.8% in September 2011 and an increase of 4.8% in October 2011.

SHORT-TERM RESIDENT DEPARTURE

• Trend estimates: Short-term resident departures during November 2011 (653,700 movements) remained unchanged compared with October 2011 (653,700 movements). This followed monthly decreases of 0.3% in September 2011 and 0.4% in October 2011. The current trend estimate for departures is 8.1% higher than in November 2010.
• Seasonally adjusted estimates: During November 2011, short-term resident departures (649,100 movements) decreased by 0.6% compared with October 2011 (652,900 movements). This followed a monthly increase of 0.1% in September 2011 and a decrease of 1.2% in October 2011.

The flatter trend for resident departures in the second half of 2011 is interesting. Although with the $AUD breaking to new highs against the Euro 2012 may be the year to plan that European junket. It also now makes Australia a very expensive destination from Europe.