Queensland consumer confidence soars ahead of Christmas

A bumper Christmas retail season for local business is looking more likely with data released today showing Queensland has had the strongest jump in consumer confidence in the country this month.

Deputy Premier and Treasurer Jackie Trad said the latest Westpac-Melbourne Institute Consumer Sentiment Index (CSI) showed a rise of 8.0% in the last month, to 103.8. 

“Queensland now has the second highest consumer confidence in the nation, above the national average, with a jump of an incredible 8%,” Ms Trad said.

“We know that when people feel confident in the economy they are more likely to spend, great news for our local traders in the lead up to Christmas.

“This is also a strong endorsement for our stable, majority Labor Government and our inclusive economic plan.

“Queenslanders know that the Palaszczuk Government will invest in major economy-boosting infrastructure like Cross River Rail, Bruce Highway and M1 upgrades, new schools and hospitals.

“Business knows that the Palaszczuk Government will build the infrastructure and fund the services that Queensland needs to thrive.

“They want to invest because they know that we will be right there beside them.”

An index level of 100 indicates that the balance between optimism and pessimism is equally weighted, while an index of greater than 100 indicates that optimists outnumber pessimists.

The national average was 103.3 for December 2017.

Media contact: Clare Manton 0432 446 268