Western Australia Emerges as Best Performing Economy, CommBank Says

Western Australia emerged as the best performing economy across all states, according to Commonwealth Bank’s research, reclaiming the top spot for the first time in a decade. CommBank noted that Western Australia led in terms of retail spending, relative unemployment and relative population growth, out of the study’s eight indicators. The study used the most recent economic data available, which include population growth data in the March quarter, unemployment data in the month of September, and housing finance figures in the month of August. “Western Australia’s robust economic fundamentals, especially its low unemployment and strong population growth has fuelled nation-leading consumer spending, pushing the state to the top of the leaderboard for the first time in a decade,” said Ryan Felsman, Chief CommSec Economist....