The Stateometer shows a cluster of states and territories in its upper-right , suggesting above-trend growth. Three states and territories landed within the quadrant, with a further four nearby.
" The Stateometer shows a cluster of states and territories near or in the upper-right quadrant, that’s good economic news."
Strength in the labour market was a factor in the result, with the reading showing above-trend growth in every state and territory outside the Northern Territory. Solid public sector growth has lifted employment recently, as has infrastructure construction activity.
The Northern Territory was the only region to stand apart during the period, with most states and territories converging a little further. Queensland and Western Australia again recovered more ground, while New South Wales, Victoria and the ACT held onto growth. South Australia and Tasmania, the two states which have recovered most in 2017, preserved their strength.