Commsec State of the States Report

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.

 

Blues supporters finally got something to cheer about.