1. Data to March on the number of temporary visa holders in Australia reached a record high, but the data are highly seasonal. On a seasonally adjusted basis we saw a modest decline over the 3 months to March...
2. …and the number of student visa holders in Australia dipped noticeably over the same period.
3. Some of those ex-student visa holders, however, may have moved onto bridging visas.
4. The student visa grant rate in Australia continued to decline in March amid a government crackdown.
5. The latest update of Melbourne Institute’s nowcast of Australia’s Q1 GDP growth remained at a weak +0.2% q/q.
6. Something to cheer the RBA up after the Q1 CPI data…
Growth in advertised salaries in SEEK job ads in Australia slowed further in March.
7. Freight costs to import goods into New Zealand rose over February and March amid a rise in global shipping costs.
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