Economic indicators NSW (October 2012)

Business Economics Australia New South Wales
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This paper presents an updated snapshot of the New South Wales economy and provides relevant points of comparison with other Australian States and Territories.

The New South Wales (NSW) Treasurer, the Hon Mike Baird MP, highlighted in his NSW Treasurer Economic Update – September 2012 that 'NSW now has the strongest growth of the non-mining states on a quarterly and yearly basis'. This economic growth is seen as being broad-based, 'with a strong contribution from consumer spending, a rise in business investment, and a welcome lift in housing construction'.

Whilst the existence of a 'two-speed' economy in Australia is frequently mentioned in economic commentary, Deloitte Access Economics believes that this divide may start to narrow after 2013/14.

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