The Tasmanian Government on Wednesday has brushed off attacks on its economic credentials when it released its statement on the latest economic data.

According to the Bureau of Statistics, the retail trade in Tasmania was steady in April in terms of trend.

Minister for Economic Development Lara Giddings has attributed the steady trend on the robust economy on sales that reached 1.8 per cent, which was higher than twelve months ago.

Despite claims by Opposition Treasury spokesman Peter Gutwein that the State is not appealing for investments based on the big decline in private investments during the March quarter, Ms. Giddings insists that Mr. Gutwein's reasons are based on old-seasonally-adjusted figures.

“We do still have a strong construction industry here in this state,” she stressed.

Figures for home building by the Bureau show that Tasmanian approvals declined to 2 per cent in April, linked by a weaker national data.

Meanwhile, Tasmanian businesses are hoping they will benefit from the Reserve Bank's decision to put interest rates on hold.

Chief executive Robert Wallace of Tasmanian Chamber of Commerce and Industry is elated that local businesses may recover once the reserve bank puts its rates on hold.

"Business will certainly now be able to look at where it wishes to spend its money in investing," he said.

"We have seen a slow-down in investment in this state over the last quarter, and so we're hoping that an interest ease like this will certainly allow new confidence in investment in Tasmania."