Retail Trade Up 0.5 % For September 2018

Retail Trade Up 0.5 % For September 2018

Tasmania Treasurer Peter Gutwein

Tasmanians Spending Up As Retail Trade Grows

Victor P Taffa

Tasmania’s record-breaking run of retail trade has once again continued, with Australian Bureau of Statistics data today confirming 47 months of consecutive growth, Treasurer Peter Gutwein said.

Total value of retail trade has hit a record $548.6 Million in trend terms for the month of September, an increase of 0.5 % over the previous month. This was the fastest rate of monthly growth by any state or territory.

Tasmania’s retail trade was 5.7 % higher than a year ago, the highest annual growth rate of any jurisdiction except Victoria and well above national annual growth of 3.5 %.

Latest results prove that the Hodgman Government’s plan for Tasmania is working, and confirm the Government’s strong economic management is leading to increased confidence in Tasmania’s economy, which in turn is leading to more jobs being created.

Jobs are the number one priority of the Hodgman Government, and since being elected in March 2014, 14,300 jobs have been created in Tasmania.

“Tasmania’s economy is booming, and it is now a better place to live than ever before, and these latest figures from the ABS confirm that.” Treasurer Peter Gutwein said.

 

Abbreviations:

ABS                Australian Bureau of Statistics