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.
The Mackay-Isaac-Whitsunday SA4 region (Mackay region) straddles the Townsville region to its north, the Fitzroy region to its south and the Outback Queensland region to its west where coal production remains the cornerstone of the economy. Read more.
At the rate in which factors such as globalisation, digitisation, the adoption of new technologies and changing demographic and social profiles are impacting the state economy, assessing labour market and future employment prospects in Queensland is no menial task. Read more.
Townsville is at a Tipping Point of Regional Decline Unless Policy Makers Foster Significant Economic Development Opportunities
Townsville needs to attract more investment both locally and abroad to support industry which will guarantee the future of the region as opposed to continuing what has been a subdued economic period for North Queensland more broadly. Read more.