As the coronavirus continues to negatively impact many Queensland’s businesses the Chamber of Commerce and Industry Queensland (CCIQ) welcomes news of an Industry Recovery Package. Read more.
Southern Queensland spans three Statistical Area 4 (SA4) regions including Toowoomba and the Darling Downs-Maranoa as well as part of the Queensland Outback. Read more.
The Chamber of Commerce and Industry Queensland (CCIQ) notes the value of coal shipments leaving Australia improved by $200 million to $4.7 billion over the month as iron ore and natural gas exports remain elevated over the November period. Read more.
Queensland’s agricultural sectors are expected to record falling production and export values following sustained drought in the year ahead according to the latest analysis by the Chamber of Commerce and Industry Queensland (CCIQ). Read more.
The announcement of a fast-tracking of $4 billion of infrastructure projects across Queensland[https://www.couriermail.com.au/news/queensland/queensland-government/federal-mps-beg-qld-govt-to-spend-their-money/news-story/ac7d30a3da51fa77f4d5aaff57aecca3] is a welcome development given the state’s poor performance across employment, private investment and business confidence. Read more.
Australian Bureau of Statistics (ABS) labour force figures[https://www.abs.gov.au/AUSSTATS/abs@.nsf/DetailsPage/6202.0Aug%202019?OpenDocument] show that the headline unemployment rate in Queensland has been rising on a trend basis throughout this year to the latest August print at 6.44% - the third highest in the nation behind South Australia and Tasmania. Read more.
Australia’s banks’ preference for residential property lending in the absence of credit extended to businesses will only serve to stall economic growth over the coming decade. Read more.
Queensland has officially become the bankruptcy capital of Australia on both a raw data and per capita basis on an analysis of data from the Australian Financial Security Authority (AFSA). Read more.