NSW retail economy getting stronger.
NSW retail economy getting stronger.

Retail changes helped to boost NSW economy for 2015

RETAILERS finished 2015 on a high with $7.9 billion going through NSW cash registers in December, according to official ABS data.

The data showed NSW retail sales in December 2015 were $373.9 million, or 4.9%, higher than in December 2014.

NSW Treasurer Gladys Berejiklian welcomed the solid figures.

"This is a strong result and shows consumers continue to feel confident about the NSW economy," she said.

"Over 2015, NSW retail sales were 5.2% higher than in 2014. This is the strongest growth among the states and is above the national result of 4.2%."

The figures include trading in the lead up to Christmas and Boxing Day sales.

The NSW Government in November removed outdated retail trading restrictions that prevented shops in many parts of regional NSW from trading on Boxing Day.           

"Thanks to our reforms, all retailers in NSW were finally free to trade on Boxing Day subject to staff freely electing to work," Ms Berejiklian said.

"This reform was always about supporting local jobs, retailers and promoting consumer choice.

"It is pleasing to see businesses right across NSW benefiting from these changes."

NSW's annual retail trade growth remained above the national average for the 29th consecutive month.



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