The economic analysis published recently by the Commonwealth Bank is fascinating. The Victorian retail numbers are terrific, contradicting the narrative some have put out re the Victorian economy, and retail results in particular.
The overall result, too, is good for Victoria:
I have been looking at our September results and while I will have more to say on that soon, they match what the Commonwealth bank report is showing.
Of course, there are many factors that feed into growth: state, the local economy, actions by business owners. I guess my core point today is that here is an independent report presenting results that contradict the commentary or many about the Victorian economy.
This report is Q1 2022 Mark. Lots of interest rate rises and price increases since then.
Yes, I did read it. Commentators have bagged Victoria for several years.