The ACT's economy bounced back in the December quarter, growing 1.6 per cent, much faster than NSW and most other states.
The quarter of growth followed a 1.3 per cent slide in the September quarter, a fall that puzzled economists and was put down by Chief Minister Andrew Barr to lower activity during the election period and immediately following the last financial year. The slide has since been revised to just 0.4 per cent
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Recession avoided; widespread growth
All states and territories grow as the latest GDP figures show Australia has avoided a technical recession.
The biggest contributor to the December quarter increase was a 7.8 per cent increase in government investment - all of it due to the federal government, whose investment rose 12.3 per cent. ACT government investment fell by 10.6 per cent, or 18 per cent over the year to December, largely through lower investment by terriory-owned companies.
Private investment increased by 5 per cent, driven by a strong rise in property sales. Over the year, private investment grew 21 per cent.
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In the year to December, ACT state final demand grew by 7.3 per cent, the second highest of any jurisdiction - again, largely driven by the federal government.
The federal government accounts for 60 per cent of the territory's state final demand.
Mr Barr said the figures showed confidence in the ACT was growing.
The ACT had the lowest unemployment rate in the country, and jobs were increasing outside the Commonwealth public service.
Direct international flights boosted the tourism sector and helped local businesses looking to export, he said.
The construction of the "city-wide light rail network", the completion of the University of Canberra public hospital and other projects would support the territory's economy.