Vic­to­ria bucks the growth trend

Kyabram Free Press - - NEWS -

MORE JOBS, ro­bust re­tail spend­ing and on­go­ing con­struc­tion ac­tiv­ity have un­der­pinned Vic­to­ria’s po­si­tion as the only state with above-trend eco­nomic growth and mo­men­tum, ac­cord­ing to the lat­est ANZ Sta­teome­ter re­port. The ANZ re­port echoes the Oc­to­ber Comm­sec State of the States re­port, which showed Vic­to­ria was lead­ing the na­tion in an­nual eco­nomic growth. Comm­sec re­ported a 5.4 per cent rise in eco­nomic growth, thanks to ris­ing pop­u­la­tion, re­tail spend­ing and con­struc­tion work. Con­struc­tion ac­tiv­ity, high­lighted in the lat­est ABS build­ing fig­ures, shows Vic­to­ria’s on­go­ing ap­provals for both new houses and com­mer­cial projects con­tin­ues to out-per­form the other states.

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