NSW consumers the most confident

NSW consumers are once again the most confident in Australia, Treasurer Dominic Perrottet said on Thursday.

He was referring to results in the latest Westpac Melbourne Institute Index of Consumer Sentiment.

While the Index fell in Qld and SA and was flat in WA, consumer confidence in NSW rose 2.4 per cent to 106.4 in March, well above the national average of 99.7

NSW was the highest of all states for the fifth consecutive month.

A result above 100 indicates that optimists outnumber pessimists.

Mr Perrottet said the government had steadily transformed NSW into an economic powerhouse, fuelling confidence across the community.

“In the last six years we have made NSW the best economic performer in Australia, so it’s no surprise consumer confidence here is leading the nation, Mr Perrottet said.

“Stronger consumer spending supports our businesses, and that’s just one of the reasons businesses are choosing NSW as the place to grow, invest and create new jobs for the people of NSW.”