Michael Ferguson,Minister for Finance
ABS data released today shows Tasmania's economy continues to charge ahead with retail trade increasing by 2.7 per cent in July 2021 to $661.5 million.
This is the highest growth in the nation, and bucked the national trend that saw retail trade fall.
These fantastic results are testament to Tasmania's high business confidence, with Tasmanians backing local businesses and having the confidence to spend when out and about.
These figures come on the back of last week's ABS Labour Force data for July that confirmed our economy is strong and jobs are continuing to be created, with the highest number of Tasmanians ever employed.
Wage Price Index data released last week for the June 2021 quarter also confirmed that Tasmanian wages have grown 2.2% over the past year, which is the highest annual growth of all the states and territories, for the third quarter in a row.
However, we know we need to continue the momentum, which is why yesterday's Budget will deliver our plan, grow our economy and our workforce, and invest in the key areas to secure Tasmania's future.
