24 Apr 2012

Mining states booming as rest of Australia struggles

10:47 pm on 24 April 2012

Big sections of Australia unaffected by the mining boom are effectively going backwards, according to new figures.

While Western Australia continues to ride high on mineral exports, the rest of the country is struggling.

The findings have also revealed a weak housing construction market is a key problem for the economy as a whole, the ABC reports.

The latest State of the States report from Commonwealth Securities, a stock broking firm operated by the Commonwealth Bank, reveals the economic divide between Sydney and Perth.

An economist with the firm, Savanth Sebastian, says the entire eastern seaboard is looking significantly weaker than the west.