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The Australian Bureau of Statistics yesterday published its overseas short-term arrivals figures for September, with Chinese visitors hitting fresh all-time highs.
The number of short-term visitor arrivals rose by 0.7% in the year to September, whereas short-term resident departures only rose by 2.3%. The ratio of annual arrivals to departures also rose to 81.4%:
Net short-term arrivals also remained heavily in deficit:
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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.