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Sunday, January 08, 2006

Tasmania Tops Retail Trade Growth - David Llewellyn, MHA - Tasmanian Government Media Releases

Tasmania Tops Retail Trade Growth - David Llewellyn, MHA - Tasmanian Government Media Releases

Tasmania outperformed every other State and Territory for retail trade growth in November 2005 according to data released today by the Australian Bureau of Statistics (ABS).

Deputy Premier David Llewellyn said today that the latest retail trade figures show Tasmanians continue to have confidence in the state of Tasmania’s economy.

“According to the ABS, in the year to November 2005 Tasmanian retail trade grew by nearly twice the rate of the rest of the country, with Tasmania recording 5.6 per cent growth compared to national growth of just 2.9 per cent,” Mr Llewellyn said.

“The fact that Tasmanian retail trade was worth $381.5 million in November and $4.4 billion for the year shows just how important the sector is to our economy.

Mr Llewellyn said the strong growth was enjoyed by many components of the retail sector in Tasmania.

The largest increases in retail sales growth were in clothing and soft goods (up 1.5 per cent in Tasmania while remaining steady nationally) recreational goods (up 1.3 per cent in Tasmania but down 0.6 per cent nationally), followed by household goods, hospitality and services, and food retailing.

Mr Llewellyn said the growth in retail trade shows that Tasmania’s economy continues to be strong.

“The high level of retail activity shows that consumers remain confident enough in the Tasmanian economy to maintain their level of expenditure, Mr Llewellyn said.

“And it shows that retailers are prepared to invest in Tasmania and create jobs for Tasmanians.

“Further evidence of the confidence in our economy is the $100 million retail complex to be built near Hobart Airport.

“The complex will create 1,000 full and part-time jobs and provide Tasmanians and tourists with more choice in shopping.

“The strength of retail growth in Tasmania is a result of the innovation of Tasmania’s retail sector, particularly small business retailers, and the Tasmanians who work in retail.

“The growth in Tasmania’s retail trade is also a result of the good economic management of the Lennon Labor Government which has created an environment where business is willing to invest and consumers are able to spend.”



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