Queensland has seen a massive 17.5% jump in consumer confidence in November for a 12-month record high reported by Westpac-Melbourne Institute today.
Acting Premier Andrew Fraser said confidence was back in a big way in Queensland with the index reaching over 100 points for the first time since the natural disasters.
“Across four of the report’s five findings, Queensland scored strong increases with ‘economic conditions over the next 12 months’ recording an exceptional rise of 61.3%,” Mr Fraser said.
“This result backs the government’s economic forecast of a bright economic future and strong growth over the next five years.
“Queenslanders don’t have to take my word for it though with a litany of recent credible reports backing up government’s position.
“ABS Housing finance has now recorded an increase each month of the last six months with the $10,000 Building Boost kicking in as predicted.
“According to the NAB Business Survey released yesterday, Queensland was the only state in the country to see an increase in business conditions and we recorded the second largest increase in business confidence.
“Pitcher and Partners have also found Queensland’s overall tax regime for small to medium businesses to be the most competitive in the nation.
“These are the facts – and they cannot be denied in pursuit of any preconceived agenda.”
Mr Fraser said the Bligh Government had worked hard through the GFC and natural disasters to maintain an environment that was supportive of business.
“Queenslanders, particularly small and medium businesses, have seen some tough times but we have stayed true to maintaining the lowest payroll tax rate in the country,” Mr Fraser said.
“For the first time in our history Queensland businesses will from next week dedicated commissioner to act in the interests and slash red tape.
“Industry called for a business commissioner and the CCIQ backed their call with an endorsement of the initiative.
“The Bligh Government has a record of making Queensland a more attractive place to do business and these results are putting paid to those claims.”