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The Australian Bureau of Statistics yesterday released its overseas short-term arrivals and departures figures for February, which continued to show a trend rise in the number of inbound visitors, with Chinese arrivals continuing to boom.
The number of short-term visitor arrivals rose a seasonal 30.2% in February in original terms, whereas short-term resident departures fell by 21.7% over the month. The ratio of annual arrivals to departures also jumped to 81.4%:
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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.