Positive stats, confidence indicate upswing after 2012 low

Ipswich Chamber of Commerce president Brett Kitching
Ipswich Chamber of Commerce president Brett Kitching

THERE was further evidence last week that the Australian economy has begun the long road to economic recovery with more positive data released.

The further we go in 2013, the more apparent it is becoming that 2012 was the bottom of the Australian economic cycle.

Already year 2013 has seen strong increases in share prices, a relatively low unemployment rate, and marginal increases in house prices. Add to these stats the increase in consumer confidence and the signs are clear that an economic upswing is in place.

Despite a small drop in February, business confidence has increased from the lows of December 2012 according to the National Australia Bank's Monthly Business Survey.

The big economic news last week, however, was the jump in consumer confidence in Australia last month. Consumer confidence as measured by the Westpac-Melbourne Institute Index rose to its highest level since December 2010, and above the 20-year average.

Consumer confidence reported last month is more than 15% higher than the lows of 2012.

The return of stronger consumer confidence, combined with rising business confidence and low interest rates is a great framework for economic recovery and so it seems according to data for 2013. While there is still some way to go, the early signs for 2013 are highly encouraging.

All of this information is positive for Ipswich as the pluses of Ipswich being a growing population, growing residential and industrial developments, along with increasing and improving medical and education services, all combine well with improving consumer confidence in boosting the local economy.

Already there is positive information filtering through from the ICC Department of Economic Development and from various regional businesses that there has been a considerable improvement in Ipswich economic activity in 2013.

The combination of low unemployment and low interest rate environments should continue to propel this economic upswing in Ipswich and throughout Australia as we move further into year 2013, giving genuine hope for all for more prosperous times ahead.


Chamber Networking AFTER 5 - Thursday, April 18, at the Ipswich Turf Club starting at 5pm until 6.30pm. Free for members. RSVP by Tuesday, April 16.

Non-members may attend one Networking AFTER 5 event for free to experience one of the many benefits of being an Ipswich Chamber of Commerce Member.

Topics:  better business brett kitching ipswich chamber of commerce and industry opinion

Culture feast brightens city

COLOUR: This year's Diwali Festival was a hit.

Diwali Festival embraces happiness and joy

LETTER Monty Python circus with squirrels marrying squirrels

Squirrel in Yellowstone National Park during summer.  - User Contributed

God help us with the current crop of egomaniacs in Canberra

Bagging up some Christmas cheer

GOOD CAUSE: Wesley Mission representative Mike Jeffrey and Queenslander Credit Union CEO John Weier prepare for the Red Bag Appeal.

Almost half a million people are living below the poverty line

Local Partners

Leonardo DiCaprio nearly drowned while filming

Actor Leonardo DiCaprio

Oscar winner almost drowned in Galapagos

Miranda Kerr to wed next year

Supermodel Miranda Kerr

Supermodel and Snapchat founder to wed

What's on the small screen this week

Georgia Love pictured in a scene from The Bachelorette finale.

TWO big reality shows wrap up this week while

The Ipswich stamp fair has it all licked

RARE METAL: Dave Roberts with his aluminium Tongan stamps from 1965.

Ipswich stamp fair will feature rare and unusual stamps

Seven decades of keeping Ipswich entertained

This is what the Incinerator Theatre in Queens Park looked like when the Ipswich Little Theatre Society performed its first play.

Times Past with QT columnist Beryl Johnston

Brad Pitt won't file legal response to divorce petition

Brad reportedly refused to send off the paperwork

Hit songwriter's Noosa mansion on market

SPECIAL PLACE: The Cintamani estate is going to tender, marketed by Tom Offermann Real Estate.

Is this Queensland's best property?

Kiwi siblings snap up Dotcom mansion for $32.5m

The new toy company owners of the Coatesville mansion want replace any controversy with positivity and fun. Photo / Barfoot and Thompson

The trio paid $32.5 million for the property in June

New $200 million development will create 580 jobs

Cassie And Josh with baby Alfie and daughter Andee. They have bought at new Lennox Head development Epiq.

Majority of new positions will be given to Northern Rivers locals

Cherrabah's mega resort plans axed

PLANS for a massive development at Cherrabah have been scrapped.

What our mayor thinks of the new draft SEQPlan

The plan to use the innovative technology as part of the new Maroochydore CBD was cemented on site today when Mayor Mark Jamieson and Envac Asia Region president Chun Yong Ha formally signed the contract for the $20 million underground waste collection system.

New plan accommodates Sunshine Coast Council's vision for growth.

Dusit Thani finance crisis 'just a small hiccup'

ON TRACK: Springfield Land Chairman, Maha Sinnathamby, Ipswich Mayor Paul Pisasale, Developer Richard Turner and Springfield Land Deputy Chairman, Bob Sharpless, at the recent resort sod turning ceremony.

Property developer says project remains firmly on track