The Victorian economy has been one of Australia’s fastest growing this year. Given the scope of construction projects now ramping up it’s likely transport infrastructure spending will continue to contribute strongly to Victorian growth over the next year.
The NAB Rural Commodities Index rose 6.5% in September, recording the biggest monthly gain since December 2010.
The NAB Rural Commodities Index was up 0.7% in August, with grain, lamb and wool prices on the rise, but cattle and dairy lower. Continued drought conditions in the east is likely to see elevated grain prices but lower cattle prices.