Western Australia Emerges as Best Performing Economy, CommBank Says

In the June quarter, Western Australia’s retail spending was 10.5 percent higher than the decade-average level.

Buildings under construction in Perth, on Feb. 10, 2014. AAP Image/Kim Christian

Western Australia emerged as the best performing economy across all states, according to Commonwealth Bank’s research, reclaiming the top spot for the first time in a decade.

CommBank noted that Western Australia led in terms of retail spending, relative unemployment and relative population growth, out of the study’s eight indicators.