CommSec State of the States

Commonwealth Bank of Australia (CBA) has published its latest State of the States report that determines which Australian state or territory economy is performing best by tracking eight key economic indicators and comparing the latest observation with decade averages. 

Chief CommSec Economist Ryan Felsman said, ’Economic growth has slowed however, as consumer spending remains subdued due to still-elevated borrowing costs. As we look ahead, an expected reduction in interest rates could boost economic sentiment in the mortgage-sensitive states of New South Wales and Victoria, while the interplay between interest rate cuts, federal election outcomes, and global trade dynamics will be crucial in shaping the economic outlook.’ 

The full report can be accessed here.