How are Australia’s states and territories’ local economies performing?
In this video Craig James from CommSec analyses eight key indicators: economic growth; retail spending; equipment investment; unemployment, construction work done; population growth; housing finance and dwelling commencements.
If you’re interested in property investment, you should watch this 4 minute video to getting a better understanding of what’s going on.
Just as the Reserve Bank uses decade averages to determine the level of “normal” interest rates; Commsec have done the same with the economic indicators.For each state and territory, latest readings for the key indicators were compared with decade averages – that is, against the “normal” performance.
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'State of the states – how is your local economy performing?' have 2 comments
January 23, 2013 Ray Searles
Craig’s last comment should be front page headline news
Australia as a whole is probably one of the strongest advanced economies
in the world at present . Regards Ray
January 23, 2013 Michael Yardney
Ray,
You’re right, but instaed the media loves to look for bad news, don’t they