QLD OUTSHINES NATION IN BUSINESS CONFIDENCE

Written on the 13 October 2015

QLD OUTSHINES NATION IN BUSINESS CONFIDENCE

QUEENSLAND has come out on top of all mainland states in business confidence for the third month in a row, according to NAB.

The Monthly Business Survey shows the sunshine state's trend business confidence is +7 points on the NAB index, three points higher than NSW and six points higher than Victoria.

Treasurer Curtis Pitt says the results maintain the momentum from a positive and growth-focused State Budget.

"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 and utilities and personal services," Pitt says.

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

"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."

Pitt says the Palaszczuk Government would continue to work with business and industry to create new job opportunities.

This follows the 25 per cent payroll tax rebate for apprentices and trainees, which has reported more than $1 million in rebates during the first two months of operation. As well as a Red Tape Reduction Advisory Council and home-based business program to support stay-at-home parents.

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


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