New ABS figures show that investment in Tasmania is growing faster than in any other state in Australia.
In the three months to the end of June 2017, investment increased 4.4 per cent and for the past 12 months was up 15 per cent. To put that in context, the national average for the last 12 months was a four per cent decline.
The Hodgman Government has restored business confidence, grown the economy and created the right conditions for businesses to expand and invest and that’s what these figures show.
It’s little wonder that over 11,000 jobs have been created since the Hodgman Government was elected when the investment figures are this strong.
The figures measure investment across industries like mining, manufacturing, construction, retail and transport. We know that when these industries are firing, the entire Tasmanian community benefits.
The Hodgman Government has a long-term Plan to continue to grow the economy, encourage investment and create jobs. We have also outlined ambitious new targets for a re-elected majority Hodgman Liberal Government, including further reducing unemployment, increasing the number of trainees and apprentices and reducing the cost of living and the cost of doing business in Tasmania.
Treasury's analysis of the figures is available here - http://www.treasury.tas.gov.au/Documents/Private-New-Capital-Expenditure.pdf