Queensland’s Sluggish Building Approval Borne Out of Pessimism Around Local Economy: CCIQ

Wednesday 9 October, 2019 | By: Dan Petrie

Building approvals in Queensland fell 21.4% in August on a seasonally adjusted measure and declined 1.1% on an annual basis according to the latest data released by the Australian Bureau of Statistics (ABS).

The Chamber of Commerce and Industry Queensland (CCIQ) notes that private sector construction activity has remained anchored at decade lows as investment intention continues to observe cautiousness in the current economic climate.  

CCIQ Head of Media, Dan Petrie said the poor approvals data is a by-product of poor employment outcomes and depressed business sentiment. .

“There is no getting away from the fact that on every key metric, Queensland is under performing and there is a lot of nervousness in the economy.

“The lack of approvals in the state, coupled with fears of accessing credit and dealing with an operating environment that strangled by compliance  only exacerbates the issue,” Mr Petrie said. 

In an analysis of the ABS data, the August figure of 2124 was the worst performing month in approvals since March 2012.

 --------------------------------------------------- ENDS -------------------------------------------------------

Dan Petrie
Media and Communications – Economy and Government
Chamber of Commerce and Industry Queensland
Ph No: 07 3192 0120 (Landline)
Dan Petrie -Mobile: 0408 919 767 
Email: dpetrie@cciq.com.au



Post your comment


  • webroot geek squad tech support 16/10/2019 7:06pm (5 days ago)

    Nice information provided by you, it really helped me to understand this topic. I have also referred this article to my friends and they also enjoyed this informative post.

  • fireboy and watergirl 16/10/2019 6:48pm (5 days ago)

    I think this is an informative post and it is very useful and knowledgeable. I really enjoyed reading this post. big fan, thank you!

  • Buy Website Traffic 15/10/2019 9:00am (6 days ago)

    Zero in on your designated prospect audience with US State Targeted Traffic!
    Did you know that you can purchase website traffic that targets a particular state or states?
    Buy US State Traffic today and increase your audience specifically within your target geography!

  • Online Dissertation Writing Help 12/10/2019 2:27pm (9 days ago)

    The Chamber of Commerce and Industry Queensland takes note of that private-segment development action has remained moored at decade lows as speculation goal keeps on watching mindfulness in the current financial atmosphere.

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