July 2015 State & territory economic performance report. Full Report on link below: https://www.commsec.com.au/content/dam/EN/ResearchNews/CommSecStateofStates_July2015.pdf NSW ON TOP; VICTORIA NOW SECOND How are Australia’s states and territories performing? Each quarter CommSec attempts to find out by analysing eight key indicators: economic growth; retail spending; equipment investment; unemployment; construction work done; population growth; housing finance and dwelling commencements. Just as the Reserve Bank uses long-term averages to determine the level of ‘normal’ interest rates; we have done the same with key economic indicators. For each state and territory, latest readings for the key indicators were compared with decade averages – that is, against the ‘normal’ performance. In the latest results NSW has consolidated its spot at the top of the economic rankings and there is now a wider gap to the next grouping of states and territories. Interestingly, Victoria has now taken second spot, leaping both Northern Territory and Western Australia. While there is little to separate these three economies, Northern Australia is in third spot while Western Australia is fourth ranked. Queensland barely holds on to fifth spot from the ACT (sixth). They effectively constitute a third tier of economies. The fourth tier of economies is made up of South Australia (seventh) and Tasmania (eighth). Please see the report link for details.