State of the States: Commsec

| January 29, 2019

NSW & Victoria now share the honour of the best performing Australian economy, while the ACT is not far back in third spot, according to the latest CommSec quarterly State of the States report.

VIEW the video from CommSec’s Craig James.

DOWNLOAD the full report from CommSec. 

The 2019 economic performance report saw Tasmania in fourth spot. Then there is a gap to South Australia and Queensland; along with another gap to Western Australia and the Northern Territory. NSW and Victoria benefit from solid population growth and strong job markets, driving retail spending and business investment.

The ACT retains third spot on the performance rankings with strength, due to the building and purchase of new homes. Tasmania is in fourth spot with a lift in population growth, driving new home construction and business investment.

South Australia is now in fifth spot ahead of Queensland, with the former retaining its position courtesy of firm business investment, and construction work. Western Australia is now in seventh position just ahead of Northern Territory.

 

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