“Businesses told us that they reduced their staffing levels in the September quarter and anticipate their hiring intentions will remain soft as frustrations over the ‘politicking’ of essential infrastructure projects, the threat of a Christmas eve part-day public holiday and a lack of direction in current policy settings weigh heavily on businesses community across Queensland”. Read more.
Business confidence in Cairns remained subdued at 38 points in the September quarter in the latest Suncorp-CCIQ Business Pulse survey and above the state benchmark of 36.4 points; well below the indication of optimism above 50 points. Read more.
* Business conditions are the worst on record and business confidence is the lowest since the Global Financial Crisis * Concern over Christmas Eve Part-Day Public Holiday PulseReport-Sep2019-Final.pdf[assets/Uploads/PulseReport-Sep2019-Final.pdf] Read more.
Elevated commodities pricing for metallurgical coal, natural gas and iron ore have helped Australia record a $7.18 billion surplus in October according to data released by the Australian Bureau of Statistics (ABS). Read more.
The Chamber of Commerce and Industry Queensland (CCIQ) has welcomed the Federal Government's one billion dollar drought assistance package that will seek to boost both restocking programs and small business in the regions. Read more.
The Chamber of Commerce and Industry Queensland (CCIQ) has welcomed the state opposition’s proposed New Bradfield Water Infrastructure Scheme for regional Queensland as a project that will address the state’s water challenge and provide a platform to extend Queensland’s agriculture industry so as to realise the export opportunity in Asia’s burgeoning middle class. Read more.
The Chamber of Commerce and Industry Queensland (CCIQ) has today affirmed that one year out from the state election, the small business sector is putting the Palaszczuk Government on notice where a repeat of the last three years of levies by stealth, a lack of discipline around public sector spending and Christmas Eve public holidays will not be tolerated by a business community operating in a state whose economic performance is one of the worst nationally. Read more.
Australia’s headline inflation rate rose 1.7% over the 12 months to September but still below the Reserve Bank of Australia’s target inflation range of two-three per cent as subdued economic activity continues to weigh on the national economy. Read more.
The Chamber of Commerce and Industry Queensland (CCIQ) has called on the Palaszczuk Government to focus on arresting the state’s alarmingly high level of insolvencies following the release of provisional bankruptcy data from the Australian Financial Security Authority (AFSA), instead of seeking more taxpayer funds to contest elections. Read more.
Queensland’s unemployment rate (on a trend basis) rose to 6.6% in September, its highest level since January 2015 as the national benchmark remained steady at 5.3%, according to the latest data released from the Australian Bureau of Statistics (ABS). Read more.