Construction is contracting under Palaszczuk

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Business Business & Economy Infrastructure & Construction Political Queensland Government

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The value of construction work done in Queensland slumped by 3.9 per cent in the last quarter, according to the latest ABS report.

The seasonally-adjusted figure was the second largest drop in Australia and a disturbing sign for the Queensland economy, LNP Deputy Leader and Shadow Treasurer Tim Mander said.

"Nationally construction activity was up two per cent in the June quarter, but in Queensland it fell by $411 million," Mr Mander said.

"Labor has no plan for Queensland's economy besides taxes, debt and unemployment – and this is the result.

"Under the Palaszczuk Government, Queensland building and construction continues to nosedive while our debt surges to $83 billion.

"It's no wonder that CommSec's State of the States report ranks Queensland a measly fifth on Australia's economic ladder, behind Tasmania.

"Only the LNP, with its no new taxes guarantee, has a plan to secure our economic future."

The latest ABS construction figures can be viewed at: ausstats.abs.gov.au/ausstats/meisubs.nsf/0/ADEF47D9A8D9B4CBCA2582F00016AF48/$File/87550_jun%202018.pdf

 
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LNP :  Liberal National Party
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