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Queensland leads again on business confidence in Australia

Staff writer |
Treasurer Curtis Pitt says the National Australia Bank index shows Queensland recording the highest business confidence in the nation for eight months in a row.

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"The latest survey again reflects the positive results of our Economic Plan that has delivered 71,700 extra jobs across the state in the past year; a jobless rate at a two-year low, and a growing economy,” Pitt said.

Queensland again leading with a rating of 7 on a trend basis, followed by Tasmania (5) and NSW (4). The national rating was 3.

Queensland was the only state where there was an improvement in business conditions on a trend basis — up 7 points to 8 points to be the equal second mainland state with Victoria.

"In just a year we have delivered a Budget surplus, created jobs, restored confidence, and outlined $10.1 billion in infrastructure spending for this year — all without the need for asset sales.

"Initiatives such as our Market-Led Proposals have been welcomed by business and industry as a way to harness private sector ideas and investment for new infrastructure or services.

"We have already seen two major projects advance to the detailed assessment stage under our MLP initiative — the $450 million Logan Motorway Enhancement project and the proposed $100 million Brisbane Cruise Ship Terminal. There are more than 30 MLP proposals in the initial assessment stage.

"We have also introduced our $40 million Business Development Fund through Advance Queensland to partner with the private sector and help turn bright business ideas into commercial reality."

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