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The Australian Bureau of Statistics yesterday released its overseas short-term arrivals and departures figures for November, which continued to show a trend rise in the number of inbound tourists, with Chinese arrivals continuing to boom.
The number of short-term visitor arrivals rose 0.4% in November in trend terms, whereas short-term resident departures fell by 0.3% over the month. The ratio of annual arrivals to departures also rose to 83.2%, which was the highest level since July 2010 (see next chart).
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.