Page 18 - Tropic Magazine Issue 38

TROPIC • ECONOMY

Snapshot of strength

GAUGE

All the indicators are pointing to positivity for the
Cairns and Far North Queensland economy.

JOBS

Trend employment
↑ 10,000 or 7.5%
July, year on year

Source: Conus/CBC Staff Selection

CONSTRUCTION
Residential building
approvals, Cairns
↑ 16.2%
Year to year July trend

Source: Conus/CBC Staff Selection

TOURISM

Airport passengers, July
400,275 ↑ 77%
Year on year

Domestic International
381,813 18,462

Source: Cairns Airport

AGRICULTURE
Australian sugar crop forecast of just Average global sugar closing price,
under 31.5 million tonnes for 2022 2022 18 US cents/pound
↑ 1.8-million tonnes on 2021 ↑ 1 cent compared with 2021

Source: Australian Sugar Milling Council Source: Queensland Sugar Limited

18 • Tropic • Issue 38