Saturday, January 25 2014
Resources states Western Australia, Northern Territory and Queensland continue to lead the country. CommSec's quarterly State of the States report shows WA in front on retail spending but lagging on new housing construction. The Northern Territory is now the second strongest economy, backed by strong economic growth, construction work, retail trade, new housing and a substantial reduction in unemployment. Queensland led the way in terms of business investment and came in third strongest on economic growth, retail trade and construction, with a notable improvement in housing finance approvals.