Victoria’s Economic Growth Streak Continues
Photo: azernews.az
It’s good news all-round for Victoria, with all indices growing above trend, and the labour market index performing best.
Victoria was also ahead of the nation in retail turnover, which rose 4.5 per cent in the year to December.
Housing market confidence, as reported by the ANZ Property Council Survey, is solid, with Victoria one of only two states with increasing sentiment in the March quarter of 2018, and Victoria overtaking New South Wales as the most optimistic state or territory.
Employment growth increased at an average rate of 3 per cent in December and January, and participation has been at or close to a 40-year high.
The report also confirms the Andrews Labor Government’s extensive pipeline of major projects is contributing strongly to the state’s economy.
The Australian Bureau of Statistics also released its construction data today, which shows the value of construction work increased by 6.9 per cent in the year to December 2017, higher than the Australian average of 4.6 per cent.
Trường có truyền thống về các chương trình học thuật, âm nhạc, thể thao và nghệ thuật.
Article sourced from premier.vic.gov.au.
