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The Australian Bureau of Statistics on Friday released its overseas short-term arrivals and departures figures for May, which showed a continued trend worsening in Australia’s ‘tourism balance’.
The number of short-term visitor arrivals fell by 4.6% in May in original terms, whereas short-term resident departures tanked by 10.6% over the month. The ratio of annual arrivals to departures also rebounded to 81.0%:
Net short-term arrivals remain heavily in deficit and are deteriorating once more:
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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.
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