Business confidence in Queensland is collapsing under Annastacia Palaszczuk, according to the latest survey from the Chamber of Commerce and Industry Queensland (CCIQ).
Today’s CCIQ’s quarterly Pulse Survey shows confidence in Queensland’s economic outlook slumped by 5.1 points in the December 2018 quarter.
The index is now a staggering 10.3 points lower than it was 12 months ago (Dec 2017: 51.0, Dec 2018: 40.7).
Shadow Treasurer Tim Mander said the report was alarming and showed business conditions, confidence and profitability were all falling after four years of Labor Government.
“This is more proof that our economy is flatlining at a time when we desperately need to be creating more jobs for Queenslanders,” Mr Mander said.
“Annastacia Palaszczuk has lost control of the economy and she has lost the confidence of business.”
The general business conditions index also fell 4.2 points in the last quarter to just 42.1 points.
Alarmingly, almost half (47%) of Queensland businesses reported declining profitability over the December quarter.
“Business confidence is down, business conditions are deteriorating and the economic outlook continues to worsen under Labor,” Mr Mander said.
“Some 165,000 Queenslanders are out of a job and their hopes of finding work are fading under this economically incompetent government.
“Queensland has been slugged with five new taxes and Labor has slashed vital infrastructure spending since 2015. Labor has no plan for our economy.
“A Deb Frecklington LNP Government would implement our Economic Plan to build job-creating infrastructure, rule out new taxes and support small business.
“All Labor is giving Queensland is more tax, debt and unemployment.”
