Latest Retail Trade figures welcome news for Tasmania

Michael Ferguson,Minister for Finance

The challenges presented by coronavirus have been felt across the country, but as we implement our recovery plan, it is promising to see retail trade in Tasmania grew the second fastest in Australia for the past month.

This is evidence that the Government’s economic recovery plan is having the desired effect.

The ABS Retail data for May showed retail trade in Tasmania growing at 17.3 per cent over the month, higher than the national rise of 16.9 per cent.

Retail trade in May was 11.1 per cent higher than May last year, which again was the second highest annual growth in the country.

This is good news for Tasmanian retailers, and demonstrates Tasmanians are getting behind their local businesses, helping to rebuild business confidence and jobs.

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