Queensland’s consumer sentiment leading the nation

Consumer Sentiment in Queensland leads the nation in January, supported strongly by the continuing job creation of the Palaszczuk Government.

Acting Treasurer Grace Grace said Queensland’s diversified economy has recorded strong employment growth, with more than 100,000 Queenslanders finding a job in the last 12 months.

“The latest Westpac-Melbourne Institute Consumer Sentiment Index (CSI) showed a rise of 8.6 per cent in January, to 112.8 which is significantly above the national average of 105.1,” Ms Grace said.

“Queensland’s consumer sentiment index has risen by 17.4 per cent in the last two months, which is an incredible vote of confidence in our State and the Palaszczuk Government’s economic plan.

“Queenslanders are clearly relieved to have a stable hand at the helm of our State’s economy and that is reflected in today’s data from Westpac.

Ms Grace said four out of the five indicators that make up the Consumer Sentiment Index were higher in January.

“The data shows that Queensland’s strong employment growth continues to support consumer confidence,” she said.

“At the last election Queenslanders rejected the instability of the LNP-One Nation Coalition – choosing to keep our State’s economy on the right track.

“Queenslanders know that only a Palaszczuk Government will protect local jobs and ensure that our economy remains strong and secure.”

Media Contact: 0414 292 377