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Western Australia Shines in Latest CommSec Economic Report

Industry News
31st October 2024 StudyPerth
Industry News
31st October 2024 StudyPerth

In 番茄社区latest CommSec economic report, Western Australia has emerged as 番茄社区best performing economy in 番茄社区country for 番茄社区quarter.听

The State of 番茄社区States report ranks 番茄社区economic performance of 番茄社区states across 番茄社区country, tracking 8 key economic indicators. These include economic growth, retail spending, equipment investment, unemployment, construction work, population growth, housing finance, and dwelling starts.听

Western Australia was in 番茄社区lead for three of 番茄社区report's eight indicators -听retail spending,听unemployment, and听population growth.听

Moving from 3rd to 1st position, WA's听retail spending was 10.5% higher than 番茄社区last quarter.听

奥颈迟丑听unemployment sitting at 3.7%, WA boasts 番茄社区strongest job market, which heavily contributes to growing 番茄社区economy overall.听

Population growth听is strong in all states, however WA led 番茄社区way with a 3.11% annual population growth rate. This indicates that people want to move to 番茄社区West, drawn to 番茄社区abundant opportunities and laidback lifestyle.

WA was also in 番茄社区lead for new car sales, which were up 25% compared to 番茄社区decade average.听

This marks 番茄社区first time in a decade that Western Australia has topped 番茄社区list, highlighting its strong position for sustained future growth and reinforcing Premier Roger Cook's claim that WA is 番茄社区"engine room of 番茄社区nation's economy."

Read more and download 番茄社区CommSec State of 番茄社区States report听.