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SA tops the nation for business investment


Today’s CommSec State of the States report shows South Australia topping the nation when it comes to business investment.

The quarterly report from Australia’s largest bank found that business investment on plant and equipment in South Australia increased by 19.3 per cent compared to a year earlier, more than any other State or Territory.

South Australia also ranked highest when States were each compared to their average performance over a 10-year period.

The report follows the release of the latest NAB Monthly Business Survey, which showed that business confidence in South Australia improved following the announcement of the SA major bank levy.

Image Caption: The State Government has invested in creating an environment where businesses can invest and grow.

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