Business Survey Shows Tasmania 20 Points Ahead Of New South Wales

Business Survey Shows Tasmania 20 Points Ahead Of New South Wales

Tasmania Treasurer Peter Gutwein

NAB Business Confidence Up

Victor P Taffa

Today’s release of the National Australia Bank (NAB) Monthly Business Survey results for July 2016 shows that the state’s strong current form has continued, Treasurer Peter Gutwein said.

In terms of business conditions, Tasmania leads the pack with an unassailable lead on 36 index points, 20 points ahead of nearest rival New South Wales, and 26 points above the national average.

Tasmania remains at the national average of four for business confidence in trend terms. This is an improvement of one index point from the previous month.

“Tasmania’s economy is growing at its fastest rate in six years, our world-class tourism industry is continuing with its positive growth, and the nominal value of retail trade in the state was a record-breaking $499.7 Million in June 2016.”

“The Hodgman Liberal Government will continue as a strong advocate and supporter of Tasmania’s business sector, and is committed to getting the state back on track and providing more jobs to Tasmanians.” Treasurer Peter Gutwein said.