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The Australian Bureau of Statistics yesterday released its overseas short-term arrivals and departures figures for July.
The number of short-term visitor arrivals rose by 19.7% in July in original terms, whereas short-term resident departures fell by 2.1% over the month. The ratio of annual arrivals to departures also rebounded to 81.2%:
Net short-term arrivals remain heavily in deficit and are have deteriorated recently:
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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.