Queensland’s Vexed Economy, Retail Sales Go Backward in January as Coal Exports Boost Australia's Trade Surplus: CCIQ

Thursday 7 March, 2019 | By: Dan Petrie

Retail sales in Queensland fell 0.9% in January as pessimism in the local economy weighs on spending while the state’s coal exports have helped propel Australia to its second highest trade surplus on record at $4.5 billion.

The Chamber of Commerce and Industry Queensland (CCIQ) notes that while strong coal sales are good for government treasuries it is the subdued economic activity around the state which continues to cause the greatest concern.

CCIQ Head of Media and Industry, Dan Petrie said activity in Queensland’s resources sector remains the key pillar for the state economy while the lack activity among the state’s consumers’ needs immediate attention from policy makers.

“The headline trade data reflects stronger commodities prices which as a headline masks the more serious challenges in the local economy.  

“Small business margins are squeezed and consumers simply aren’t spending which in the current environment needs a circuit breaker in terms of boosting both business and consumer confidence,” Mr Petrie said.

In an analysis of the ABS data, Queensland’s retail spend was $5.4 billion over the January period with  food retailing, apparel (back to school) and pharmaceuticals the key sectors that recorded positive growth whilst spending on takeaway food and in cafes and restaurants fell sharply in January.

“Microeconomic reform to boost productivity and measures to accelerate approvals for key projects in Queensland need to form part of a whatever it takes approach to boosting the state’s economy,” Mr Petrie said.

Post your comment


  • live roulette tipico 09/05/2019 12:59pm (5 months ago)

    Of course, they have other uses as extremely well.
    You can usually get yourself a good opinion when you go to your local coin hold.
    You will not like it if someone disrespected your site.

  • Essay Writing help 20/04/2019 10:44pm (6 months ago)

    Sample Assignment is a renowned for essay writing services and has assisted thousands of international students with their academics.

  • Do my assignment 20/04/2019 10:43pm (6 months ago)

    Our best online assignment help experts talk about how to select and evaluate the right academic sources, which will help you clear all your assignment-related doubts at best and affordable price. Whenever need to search for ‘do my assignment for me’, our experts will be assist you.

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