📋 Tender Overview
Nation-leading retail trade figures demonstrate the resilience of the Tasmanian economy as we emerge from the pandemic.Retail trade in Tasmania grew 2.2 per cent in August which was the highest growth rate in the country to be 7.2 per cent higher than this time last year. Tasmanias result strongly out-paced the national increase in retail turnover of 0.6 per cent for the month of August.These statistics demonstrate the confidence in our economy with consumers out and about and taking advantage of what our great State has to offer.In August retail trade topped 700 million for the first time in a month growing to 700.8 million in seasonally adjusted terms.The national retail trade growth was driven by spending in Department stores of 2.8 per cent household goods retailing of 2.6 per cent and increased cafes restaurants and takeaway food services up 1.3 per cent. More detailed information at the state level will be released in early October.These results demonstrate the strength and resilience of our economy as a result of our economic plan. They also prove the policy mess within the Labor Party having earlier this month claimed that retail spending in Tasmania was in nosedive. Our hard-working businesses and consumer confidence benefit when elected members are more responsible and truthful about the state of our economy
