The first is the ongoing investment in infrastructure. This investment is important. It is not only supporting demand in the economy at a time when this is needed, but it is also adding to the supply capacity of the economy and directly improving people's lives, including through a reduction in transport congestion.
There is also strong growth in demand for a range of services, partly as a result of ongoing strong population growth. Another factor supporting growth is the recent lift in the terms of trade, which have continued to surprise on the upside, boosting our national income.