September Quarter 2009: Is this the end of Queensland's boom state status?

Business confidence in the Australian economy is soaring however the outlook for the Townsville and North Queensland's economic recovery is significantly less optimistic according to the latest results from Queensland's most comprehensive survey of business confidence the Commonwealth Bank CCIQ Pulse Survey of Business Conditions.

In a sharp turn around, almost 60 per cent of Queensland businesses expect national economic conditions to improve over the next 12 months, compared to just seven per cent of business respondents in the corresponding quarter last year.

However in Queensland, although higher than measured three months ago, only 42 per cent of businesses expect the Queensland economy to strengthen over the next 12 months.

Despite stronger sales and revenue being reported (41 per cent of respondents reported an increase) profitability of Queensland businesses remains weak with 37 per cent of Queensland businesses reporting weaker profits in the September 2009 Quarter.

• Read the complete North Queensland summary
• Commonwealth Bank CCIQ Pulse Survey of Business Conditions September Quarter 2009 (PDF)

North Queensland Regional Workforce Plan

Chamber of Commerce & Industry Queensland is currently facilitating a process to develop a ten year Regional Workforce Plan within the Townsville & North Queensland Region. The outcomes produced will be evaluated to determine the effectiveness of the process as a model for other regions. > More.

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