Queensland's construction industry has suffered yet another hammer blow, with new figures showing the Labor Palaszczuk government is failing the industry.
The total number of dwelling units approved in Queensland fell by 2.88% to 3106.
It's the eighth consecutive month that trend building approvals have decreased.
The Australian Bureau of Statistics also revealed Queensland's monthly fall outstripped the national average of 1.1%, while the total value of building jobs across the state decreased by 2.49%.
LNP Shadow Treasurer Tim Mander has hit out at the Labor Palaszczuk government for their economic mismanagement.
"Yet another independent report has confirmed the Queensland economy continues to suffer under Premier Annastacia Palaszczuk." Mr. Mander said
"The fall in building approvals in October alone cost Queensland's economy almost $41 million and there has been a huge drop of almost 16.5 per cent in building approvals since February this year.
"If you don't have building approvals, you don't have construction. If you don't have construction, you don't have jobs – it's that simple.
"Labor has cut the first homeowners' grant, slugged Queenslanders with five new taxes and hasn't improved the state of the construction industry.
"Only the LNP can deliver a strong economy by committing no new taxes, cutting red tape for businesses and increase the number of new dwelling approvals in Queensland."