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Cummings Economics

Cummings Economics

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Cummings Economics

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  1. Cummings Economics The Cairns Economy Recent Movements and Short-Term Prospects Presentation to the Cairns Chamber of Commerce LuncheonSeptember 2005 Bill Cummings - Principal Cummings Economics Compass Research North Australia Research Group Cummings Economics Ph 4031 2888 Fax 4031 1108 Email cummings@cummings.net.au

  2. A Record Year • VALUE BUILDING APPROVALS OVER $600 m • VALUE TOURISM TO REACH $2.5 bn • VALUE AGRICULTURE TO REACH $1 bn The Cairns Economy Cummings Economics September 2005

  3. Tourism Growth Since 1998 / 99 * Estimate based on first 9 months Source : Cummings Economics from - Cairns Port Authority - ABS. Data The Cairns Economy Cummings Economics September 2005

  4. Agricultural Indicators Source : - ABS Data - ABARE - Cummings Economics The Cairns Economy Cummings Economics September 2005

  5. Value of - Building ApprovalsFar North Qld Statistical Division The Cairns Economy Cummings Economics September 2005 Source : ABS.

  6. Value of Building Approvals 2004/05 The Cairns Economy Cummings Economics September 2005

  7. Cairns / FNQ in the NorthCompared with other northern regions Source : ABS. The Cairns Economy Cummings Economics September 2005

  8. Estimated Gross Value of “Base Industries”Tropical (Far) North Queensland 2002/03 (2) (1) “Base Industries” defined as those mainly oriented to earning income from outside the region. (2) Latest year for which consistent statistics for the different industries are available. (3) Turnover adjusted to exclude value of Agricultural inputs. (4) Overnight visitors. The Cairns Economy Cummings Economics September 2005 Source : Cummings Economics, Cairns.

  9. Growth in Jobs – Service Industries1976 – 2001 (FNQ Stat Division) The Cairns Economy Cummings Economics September 2005 Source : ABS Census Data.

  10. Short-Term FluctuationsPopulation Growth Rates - Cairns Source : ABS The Cairns Economy Cummings Economics September 2005

  11. Major Sources of Fluctuations The Cairns Economy Cummings Economics September 2005

  12. Growth in Passenger MovementsCairns Airport Source : ABS The Cairns Economy Cummings Economics September 2005

  13. Short Term – Overseas Departures from Australia Source : ABS The Cairns Economy Cummings Economics September 2005

  14. Growth in Room Nights – Hotels Motels Source : ABS The Cairns Economy Cummings Economics September 2005

  15. Brazilian “Real” to Australia Dollarat end June Source : ABS The Cairns Economy Cummings Economics September 2005

  16. Banana Production QueenslandSold Through Markets Source : ABGC. The Cairns Economy Cummings Economics September 2005

  17. Mining ProductionFar North Queensland Source : Q’ld Dept of Natural Resources & Mines. The Cairns Economy Cummings Economics September 2005

  18. Other Service Industries The Cairns Economy Cummings Economics September 2005

  19. Dwelling ApprovalsCairns The Cairns Economy Cummings Economics September 2005 Source : Cummings Economics from ABS data.

  20. Ratio of Dwelling Approvals to Residential Population GrowthCairns City The Cairns Economy Cummings Economics September 2005 Source : Cummings Economics from ABS data.

  21. House Prices Source : Cummings Economics from RP Data. The Cairns Economy Cummings Economics September 2005

  22. Interest Rate Differential with US Source : Cummings Economics from Reserve Bank of Australia Data The Cairns Economy Cummings Economics September 2005

  23. WORLD ECONOMIC GROWTH NARROWLY BASEDUS & CHINA THREAT - HIGH OIL PRICES AUSTRALIAN ECONOMY SOUND The Cairns Economy Cummings Economics September 2005

  24. CONTINUING STRONG GROWTH The Cairns Economy Cummings Economics September 2005