NSW remains the best performing economy in the nation, retaining top spot in today’s CommSec State of the States report.
Treasurer Gladys Berejiklian welcomed the analysis, which found that NSW’s first place performance was underpinned by an improving jobs market and solid retail sales.
“NSW has once again been declared the strongest economy in the nation, which is great news and another vote of confidence in the NSW Government’s plans to deliver record infrastructure and quality services,” Ms Berejiklian said.
“We are building much-needed infrastructure across the State and supporting businesses to invest and grow. This is generating economic activity and jobs creation.”
The State of the States report assesses and compares the economic performance of the states and territories by looking at eight key indicators.
NSW remains in first place for retail trade, housing starts and employment, with CommSec noting that NSW will remain the number one economy for some time.
“It is encouraging that the report states that the NSW economy has solid momentum,” Ms Berejiklian said.
“This means we can expect to see ongoing strength and growth – and the NSW Government is working hard to make sure everyone across the State benefits from this.”