Thursday, January 31, 2013

CairnsWatch Optimistic

The first monthly Cairnswatch for 2013 continues the optimistic tone of recent months. The strong employment trend is particularly highlighted although expectations are perhaps also becoming stretched?

The recovery in tourism is clearly the driver. Anecdotal reports so far are that January trade had also been stronger than previously. However, while the Far North has not been directly affected some impact from recent weather events should probably be expected. 

The airport traffic numbers continue to demonstrate that while the arrival of direct flights from China have been positive it is the consistent solid trend through the domestic terminal which has underpinned growth in the past year. A recent report of recovery and growth from NSW in the past year was noted.

Given stronger employment it's interesting to note the continued decline of Cairns Post job ads as an indicator of employment trends. Rick has commented on this in this Cairnswatch. It was queried and commented upon earlier last year at Loose Change.

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