CommBank: Victoria leads on retail spending

The economic analysis recently published by the Commonwealth Bank is fascinating. The Victorian retail figures are amazing, contradicting the story some have been telling about the Victorian economy, and the retail performance in particular.

The overall result is also good for Victoria:

I’ve looked at our September results and while I’ll have more to say on those shortly, they’re consistent with what the Commonwealth banking report shows.

Of course, there are many factors that contribute to growth: the state, the local economy, actions of entrepreneurs. I think my crux today is that here is an independent report with results that contradict the commentary or much about the Victorian economy.

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