Townsville Enterprise, in collaboration with AEC Group, has released its third Townsville North Queensland Quarterly Economic Snapshot.
The 12 page document, released every quarter, provides a regional economic outlook and commentary with key quarterly statistics including unemployment, business confidence, property sales, tourism and building approvals.
The latest edition indicates that the Townsville North Queensland region is stabilising, and that although the official unemployment rate increased over the March Quarter 2017, evidence on the ground suggests general improvement over recent months. The Snapshot also reveals that the decline in building activity appears to be bottoming, with potential for recovery once key regional construction projects commence in late 2017 and early 2018, such as Adani's Carmichael Mine Project.
Energy developments expected to boost the economy include the Sun Metals ($200 million) and Ross River ($255
million) solar farms, which will add 400 jobs to the Townsville North Queensland economy during construction and
the $210 million Rollingstone solar farm scheduled for construction in early 2018.
The Quarterly Economic Snapshot is produced with the intent to provide the Townsville North Queensland community with a one stop source of critical regional economic information and statistical data. This regular update offers useful analytical commentary, dissecting the numbers in order to provide regional stakeholders with insights into local trends and global issues that may impact regional economic performance.
Click here to download your copy of the Townsville North Queensland Quarterly Economic Snapshot
Advocacy Alert: Townsville North Queensland Quarterly Economic Snapshot Sep 2017
24th October 2017
