State of the states – how is your local economy performing?

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.