Business Conditions Continue To Improve In Tasmania

Tasmanian Government

The NAB December Business Survey shows business conditions are continuing to improve in Tasmania.

The latest survey has revealed that business conditions in Tasmania have continued to significantly improve over the last three surveys – rising by 12 index points and sitting at third in the nation.

Treasurer, Guy Barnett, said the Tasmanian Government will continue to back industry and growth.

"Backing business and jobs has continued to keep Tasmania's economy charging ahead," the Treasurer said.

"It's no secret that Tasmania has continued to experience the same economic headwinds being felt across the nation – but Tasmania has continued to demonstrate resilience.

"This latest data from the NAB Business Survey shows that we are heading in the right direction and backed in by our 2030 Strong Plan for Tasmania's Future, we will continue to invest in jobs and opportunities for all Tasmanians.

"This data complements the recent ABS jobs data released earlier in January which confirmed unemployment in Tasmania has remained stable at 4.1 per cent.

"Our unemployment rate remains at historically low levels, we have the highest wage growth in the nation, and we have created 45,000 more jobs since we came to Government.

"The Tasmanian economy has increased to a record $40.6 billion over the past 10 years under our Government. It has grown by $8.5 billion, that's 26.3 per cent.

"2025 is going to be a big year for Tasmania – and there are promising signs we will continue to make strong progress for all Tasmanians."

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