Territory Stories

Budget Paper 1994-95 No.6 Northern Territory Economy

Details:

Title

Budget Paper 1994-95 No.6 Northern Territory Economy

Other title

Tabled Paper 2156

Collection

Tabled Papers for 6th Assembly 1990 - 1994; Tabled Papers; ParliamentNT

Date

1994-05-12

Description

Tabled by Barry Coulter

Notes

Made available by the Legislative Assembly of the Northern Territory under Standing Order 240. Where copyright subsists with a third party it remains with the original owner and permission may be required to reuse the material.

Language

English

Subject

Tabled papers

File type

application/pdf

Use

Copyright

Copyright owner

See publication

License

https://www.legislation.gov.au/Details/C2021C00044

Parent handle

https://hdl.handle.net/10070/292876

Citation address

https://hdl.handle.net/10070/398240

Page content

Business Conditions terms reflecting low debt servicing costs combined with improving labour market conditions and increasing economic activity. Business Conditions Outlook On balance, indicators show business in the Territory did not suffer to the same extent as elsewhere in Australia over the past three years, with the Territory returning to pre-recession levels o f activity ahead o f the national economy. The relatively strong performance in the Territory was underpinned by sustained consumer confidence which remained high throughout the national recession. Results o f recent national business surveys show significant upward revisions in expectations o f sales, planned investment in plant and equipment, and trading performance over the next six to twelve months. Taken together these indicate a significant improvement in business confidence compared to the previous three years. With prevailing favourable business conditions, growing domestic demand, planned increases in construction activity, significant investment in the mining industry and good prospects for Territory exports o f primary produce and tourism, Territory business is well placed to take advantage o f the accelerating upturn in national and Territory economic activity.


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