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The Australian Bureau of Statistics yesterday released its overseas short-term arrivals and departures figures for April, which showed a trend moderation in arrivals and a worsening is Australia’s ‘tourism balance’.
The number of short-term visitor arrivals dived by 16.3% in April in original terms, whereas short-term resident departures rose by 27.5% over the month. The ratio of annual arrivals to departures also fell to 80.7%:
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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.