Veda Advantage, a leading provider of consumer and commercial data intelligence and insights, released data that supports recent speculation that Western Australia’s economic engine may be losing steam while the eastern states appear to have picked up some economic momentum via new business openings during the past 12 months.

Veda’s latest data intelligence comparing state business openings and closure performance shows that Western Australian SMBs had a higher percentage of closures than other state averages over the past year.  For the same period New South Wales, ACT and Queensland had more new businesses open, indicating that there could be some resurgence in eastern state economies or at least a boost in business confidence.

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