Construction work collapses under Labor

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Business Business & Economy Infrastructure & Construction Political Queensland Government

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The latest release of Australian Bureau of Statistics data has confirmed the value of construction work completed in Queensland has fallen to the second lowest level since September 2007.

The seasonally adjusted value of construction work done in the September quarter was $10,091,340,000 – the lowest quarterly total for Queensland since the $10,029,877,000 recorded in March 2016.

It was the second lowest period of construction work done since before the GFC, when $9,972,507,000 was recorded in September 2007.

LNP Shadow Treasurer Tim Mander said the Palaszczuk Labor Government's economic mismanagement was directly responsible for Queensland's construction crisis.

"Under the Palaszczuk Labor Government, Queensland's economy is coming to a standstill," Mr Mander said.

"By Labor's own preferred measure, construction work dived by more than 6 per cent in the last quarter alone.

"The last quarter was the second worst for construction we've seen since September 2007, before the GFC struck.

"Labor Treasurer Jackie Trad said we have an infrastructure crisis, and this is further proof.

"It's no wonder that our roads are congested, hospitals are overcrowded, and major dam projects have stalled in our regions.

"Construction work done for this quarter was $7.4 billion less than Queensland's peak under the last LNP Government.

"This news comes in the same week the Sensis Business Index showed the Palaszczuk Labor Government was the least popular government in Australia among small and medium sized businesses.

"Queensland has no construction and no business confidence under Annastacia Palaszczuk.

"It's no wonder Queensland has the highest unemployment rate in the nation when Labor doesn't have a plan for Queensland.

"Only the LNP can deliver the infrastructure and business certainty needed to bring Queensland back to a position of economic strength."


The above graph compares construction work done in Queensland by Labor (red) and the LNP (blue) since September 2007 ($'000). The information was sourced from the Australian Bureau of Statistics.
http://www.abs.gov.au/AUSSTATS/abs@.nsf/DetailsPage/8755.0Sep%202018

 
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