Queensland’s Laggard Status Emphasised by Commsec State of States Report and NAB Business Confidence Survey

Tuesday 29 January, 2019 | By: Ella Schalch

The Queensland economy continues to trail New South Wales, Victoria and South Australia in the latest Commsec State of the States report, which details a subdued private sector against a backdrop of declining business conditions illustrated in the NAB Business Confidence survey according to the Chamber of Commerce and Industry Queensland (CCIQ).

Commsec’s analysis notes that Queensland continues to lag New South Wales and Victoria in job creation and retail consumption with the only positive being in the area of dwelling starts.

CCIQ Head of Industry, Dan Petrie said the Commsec report was essentially a continuation of the September data as job creation continues to challenge policy makers whilst the NAB Business confidence data was most concerning.

“Nationally business conditions have collapsed to five year lows which given the political environment federally is deeply concerning.

“The Commsec report was a continuation in highlighting the two key issues facing the state, job creation and anemic level of private investment intention,” Mr Petrie said.

CCIQ reiterates that business confidence and certainty are key starting points in improving Queensland’s competitiveness against New South Wales and Victoria.

“The government needs to have a laser-like focus on ensuring Queensland is the best place to do business so as to ensure the state’s is best positioned to maximise future opportunities,” Mr Petrie said.

Post your comment

Comments

  • N64 Emulator 10/04/2019 4:35pm (6 months ago)

    There was a time when multimedia gaming was all about video game consoles, Playstation, Nintendo 64, etc.

  • kevin hart height 27/03/2019 8:56pm (7 months ago)

    Kevin Darnell Hart is an outstanding performer and also a hilarious comedian at the entertainment industry, who had been born in Philadelphia in 1979.

  • text bomber app 27/03/2019 8:41pm (7 months ago)

    Sms Bomber Is An Online Tool Which Helps You To Prank Your Friends.Our Tool Is Super Fast And Online.This Is The Sms Bomber Of 2018 Which is The Latest One.

  • no wifi games free 27/03/2019 8:36pm (7 months ago)

    NoWifiGames covers guides about offline games, free games without wifi and no Wifi games. Check out our list of the best No WiFi games and enjoy.

  • windows xp 64 bit iso 27/03/2019 8:35pm (7 months ago)

    Are you planning to upgrade your system with the latest windows 7 home premium? If so, you should consider few important aspects.

  • ergonomic recliner 20/03/2019 4:51pm (7 months ago)

    A lot of health and fitness experts highly recommend purchasing ergonomic recliners that have appropriate depth and height, proper body support, and firm cushioning.

  • uncgenie 20/03/2019 4:49pm (7 months ago)

    I am going to share the complete information about

  • kohls credit card login 20/03/2019 4:49pm (7 months ago)

    Kohls Credit Card Login: Prepaid cards and Credit cards have now become an inevitable part of our day to day life.

  • Best Messaging Apps 20/03/2019 4:48pm (7 months ago)

    All users of the Smartphone get a good improvement in their lifestyle, well here we are about to talk only with the technical side of Smart Phone usages. Smartphone users take note of the best in class apps and compare such apps based on some significant factors.

  • geometry dash 30/01/2019 4:51pm (9 months ago)

    Dan Petrie said the Commsec report was essentially a continuation of the September data as job creation continues to challenge policy makers whilst the NAB Business confidence data was most concerning.

RSS feed for comments on this page | RSS feed for all comments