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Economic health check of Australia’s states: NSW remains best performer

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New South Wales is still Australia’s best performing economy. Victoria follows the First State while Western Australia is still suffering from the end of the mining boom.

Australia’s states and territories were ranked in a new report according to eight economic indicators, including population growth, home finance lending, construction work and retail spending. The CommSec’s quarterly State of the States report sees NSW still on top.

The recent report shows that the country’s domestic economies are in good shape, but there are some differences in relative performance. CommSec Chief Economist Craig James said those economies that benefit from favourable........

© International Business Times