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Thursday, 6 March 2008
Exports and dwelling approvals in Tasmania continue to grow.
The Treasurer, Michael Aird, said the latest Australian Bureau of Statistics figures showed that exports from Tasmania grew by 5.2 per cent in the year to January 2008.
“The value of exports reached $3.63 billion in the year to January 2008 and outstripped the national growth rate of 1.8 per cent,” Mr Aird said.
“Asia remains the most important export destination for Tasmania, with Japan being the single largest importer of Tasmanian goods in the year to January 2008, accounting for 19.4 per cent of the State's total exports.”
Mr Aird said the number of dwelling approvals in Tasmania increased by 2.8 per cent in January 2008 to be 6.1 per cent higher than one year earlier.
“The value of residential approvals in the year to January 2008 was 6.2 per cent (or $39.0 million) higher than the value of approvals in the previous year,” he said.
“Interest rate increases should eventually have some impact on our housing sector but, to date, it continues to grow, in contrast to many other states.
“These figures come on top of yesterday’s ABS data showing Tasmania’s economic growth topped the nation in the December quarter.
“While there are challenges ahead from the slowing world economy and high interest rates, we have billions of dollars of private and public investment foreshadowed for Tasmania.
“I am confident Tasmania can maintain its economic momentum.”
Exports and dwelling approvals in Tasmania continue to grow.
The Treasurer, Michael Aird, said the latest Australian Bureau of Statistics figures showed that exports from Tasmania grew by 5.2 per cent in the year to January 2008.
“The value of exports reached $3.63 billion in the year to January 2008 and outstripped the national growth rate of 1.8 per cent,” Mr Aird said.
“Asia remains the most important export destination for Tasmania, with Japan being the single largest importer of Tasmanian goods in the year to January 2008, accounting for 19.4 per cent of the State's total exports.”
Mr Aird said the number of dwelling approvals in Tasmania increased by 2.8 per cent in January 2008 to be 6.1 per cent higher than one year earlier.
“The value of residential approvals in the year to January 2008 was 6.2 per cent (or $39.0 million) higher than the value of approvals in the previous year,” he said.
“Interest rate increases should eventually have some impact on our housing sector but, to date, it continues to grow, in contrast to many other states.
“These figures come on top of yesterday’s ABS data showing Tasmania’s economic growth topped the nation in the December quarter.
“While there are challenges ahead from the slowing world economy and high interest rates, we have billions of dollars of private and public investment foreshadowed for Tasmania.
“I am confident Tasmania can maintain its economic momentum.”
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