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Australia : Queensland's business confidence highest of all mainland states.

Queensland business confidence is the highest of all mainland states for the third month in a row, according to the NAB Monthly Business Survey for September.

Treasurer Curtis Pitt said today s survey was another sign of the positive response to the Government s pro-jobs, pro-business economic agenda.

Queensland s trend business confidence is at +7 points on the NAB index, three points higher than NSW and six points higher than Victoria, he said.

And the trend business conditions index in Queensland remains at +2 points.

The survey indicates that solid business conditions and some dissipation of financial market jitters may have contributed to a lift in confidence, with the improvement largely concentrated in transport/utilities (up 14) and personal services (up 12).

Both these industries are enjoying the highest confidence levels at +13 and +16 points respectively.

These results maintain the momentum from a very positive and pro-business, pro-jobs and pro-growth State Budget.

Although the business conditions index did not increase nationally in September, NAB state that business conditions are holding on to the solid gains obtained over the past year, supported by low interest rates and a lower Australian dollar.

Mr Pitt said the Palaszczuk Government would continue to work with business and industry to drive confidence and create new opportunities for investment and jobs.

Queensland has added 28,500 extra jobs since the Palaszczuk Government was elected in January, he said.

Positive incentives for businesses are having an effect, such as the 25 per cent payroll tax rebate for apprentices and trainees, which has seen businesses claim more than $1 million in rebates in the first two months of operation.

We have put in place a Red Tape Reduction Advisory Council and a new home-based business program to support stay-at-home parents develop new businesses.

We re pro-growth and pro-jobs and that is showing through with the continued high levels of business confidence.

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Publication:Mena Report
Date:Oct 13, 2015
Words:328
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