State of the economy

Apr 1, 2014

Q. Overall, how would you describe the current state of the Australian economy?

 

 

28 May 12

8 Apr 13

16 Sep 13

21 Jan 14

 

Total

 

 

Vote Labor

Vote Lib/Nat

Vote Greens

Vote other

Total good

35%

45%

40%

34%

38%

38%

47%

36%

21%

Total poor

29%

26%

25%

26%

24%

24%

18%

24%

46%

Very good

6%

8%

6%

4%

3%

3%

5%

5%

-

Good

29%

37%

34%

30%

35%

35%

42%

31%

21%

Neither good nor poor

33%

28%

32%

36%

34%

34%

33%

37%

33%

Poor

20%

17%

20%

21%

19%

18%

16%

20%

31%

Very poor

9%

9%

5%

5%

5%

6%

2%

4%

15%

Don’t know

2%

2%

3%

4%

4%

4%

2%

4%

-

38% described the economy as good or very good and 24% poor/very poor – 34% said it was neither. This represents a net improvement from +8 to +14 since January. The main shift since January was an increase of 7% for “good” and a decrease of 6% for “poor” among Liberal/National voters.

Those most likely to think the economy was good/very good were people with incomes over $1,600pw (42%). Liberal/National voters (47%) were more likely that Labor voters (38%) to think the economy was good.

Australian economy heading in right or wrong direction

Apr 1, 2014

Q. From what you have read and heard, do you think the Australian economy is heading in the right direction or the wrong direction?

 

 

17 May 10

9 May 11

18 Jun 12

29 Apr 13

16 Sep 13

21 Jan 14

 

Total

 

 

Vote Labor

Vote Lib/Nat

Vote Greens

Vote other

The right direction

51%

45%

43%

36%

44%

38%

39%

25%

67%

22%

21%

The wrong direction

25%

29%

32%

39%

26%

33%

34%

43%

15%

50%

61%

Don’t know

24%

25%

25%

25%

30%

29%

26%

32%

19%

29%

18%

39% of respondents think that Australia’s economy is heading in the right direction – 34% think it is heading in the wrong direction. These figures are almost unchanged since this question was asked in January.

25% (up 2%) of Labor voters, 67% (up 4%) of Liberal/National voters and 22% (up 1%) of Greens voters think the economy is heading in the right direction. 45% of men think the economy is heading in the right direction compared to 33% of women.

State of the economy

Jan 21, 2014

Q. Overall, how would you describe the current state of the Australian economy?

 

 

28 May 12

8 Apr 13

16 Sep 13

 

Total

 

 

Vote Labor

Vote Lib/Nat

Vote Greens

Vote other

Total good

35%

45%

40%

34%

35%

40%

35%

26%

Total poor

29%

26%

25%

26%

25%

24%

26%

41%

Very good

6%

8%

6%

4%

5%

4%

5%

3%

Good

29%

37%

34%

30%

30%

36%

30%

23%

Neither good nor poor

33%

28%

32%

36%

38%

35%

37%

31%

Poor

20%

17%

20%

21%

19%

21%

22%

31%

Very poor

9%

9%

5%

5%

6%

3%

4%

10%

Don’t know

2%

2%

3%

4%

3%

2%

3%

2%

34% described the economy as good or very good and 26% poor/very poor – 36% said it was neither. This represents a net decline from +15 to +8 since September.

Those most likely to think the economy was good/very good were people with incomes over $1,600pw (41%). Liberal/National voters (40%) were only slightly more likely that Labor voters (35%) to think the economy was good.

 

Australian economy heading in right or wrong direction

Jan 21, 2014

Q. From what you have read and heard, do you think the Australian economy is heading in the right direction or the wrong direction?

 

 

17 May 10

9 May 11

18 Jun 12

29 Apr 13

16 Sep 13

 

Total

 

 

Vote Labor

Vote Lib/Nat

Vote Greens

Vote other

The right direction

51%

45%

43%

36%

44%

38%

23%

63%

21%

33%

The wrong direction

25%

29%

32%

39%

26%

33%

49%

14%

54%

38%

Don’t know

24%

25%

25%

25%

30%

29%

28%

24%

25%

29%

38% of respondents think that Australia’s economy is heading in the right direction – 33% think it is heading in the wrong direction. Since this question was asked in September, “right direction” has decreased 6% and “wrong direction” increased 7%.

23% (down 17%) of Labor voters, 63% (up 11%) of Liberal/National voters and 21% (down 12%) of Greens voters think the economy is heading in the right direction. 42% of men think the economy is heading in the right direction compared to 35% of women.

Economic outlook

Sep 16, 2013

Q. Over the next 12 months do you think economic conditions in Australia will get better, get worse or stay much the same?  

 

 

1 Dec

08

5 Oct

09

18 Oct

10

3 Oct

11

27 Aug 12

29 Jan

13

 

Total

16 Sep 13

 

Vote Labor

Vote Lib/Nat

Vote Greens

Total better

21%

66%

40%

16%

22%

29%

38%

16%

68%

13%

Total worse

61%

15%

30%

58%

45%

37%

33%

59%

8%

58%

Get a lot better

2%

8%

6%

2%

3%

4%

7%

4%

14%

-

Get a little better

19%

58%

34%

14%

19%

25%

31%

12%

54%

13%

Get a little worse

45%

11%

20%

41%

30%

28%

23%

40%

7%

40%

Get a lot worse

16%

4%

10%

17%

15%

9%

10%

19%

1%

18%

Stay much the same

13%

15%

24%

22%

27%

27%

19%

17%

19%

20%

Don’t know

5%

4%

6%

4%

6%

6%

10%

9%

5%

10%

Confidence in the economic outlook has improved since January.  The percentage of respondents believing conditions will get better increased 9 points to 38%, while those believing that economic conditions will get worse over the next 12 months dropped 4 points to 33%.  This is the most positive outlook recorded since October 2010.

Shifts in opinion are strongly associated with voting intention – Labor voters have shifted from 50% better/22% worse (net +28) to 16% better/59% worse (net -43). Liberal/National voters have shifted from 21% better/51% worse (net -30) to 68% better/8% worse (net +60).

State of the economy

Jul 15, 2013

Q. Overall, how would you describe the current state of the Australian economy?

 

 

28 May 12

8 Apr 13

 

Total

15 Jul 13

 

 

Vote Labor

Vote Lib/Nat

Vote Greens

Total good

35%

45%

36%

59%

18%

54%

Total poor

29%

26%

30%

14%

45%

12%

Very good

6%

8%

6%

10%

1%

10%

Good

29%

37%

30%

49%

17%

44%

Neither good nor poor

33%

28%

30%

25%

34%

33%

Poor

20%

17%

22%

12%

32%

11%

Very poor

9%

9%

8%

2%

13%

1%

Don’t know

2%

2%

3%

3%

2%

2%

36% described the economy as good or very good and 30% poor/very poor – 30% said it was neither. This represents a net decline from +19 to +6 since April.

Those most likely to think the economy was good/very good were people with incomes over $1,600pw (41%).

Those most likely to think the economy was poor/very poor were aged 55+ (35%) and people with incomes under $600pw (36%).

Australian economy heading in right or wrong direction

Jul 15, 2013

Q. From what you have read and heard, do you think the Australian economy is heading in the right direction or the wrong direction?

17 May 10

9
May 11

4
Jul
11

26 Mar 12

18
Jun
12

29
Apr
13

 

Total
15
Jul 13

 

 

Vote ALP

Vote
Lib

Vote Greens

The right direction

51%

45%

37%

36%

43%

36%

38%

66%

18%

46%

The wrong direction

25%

29%

43%

41%

32%

39%

42%

15%

66%

30%

Don’t know

24%

25%

20%

22%

25%

25%

20%

18%

16%

24%

38% of respondents think that Australia’s economy is heading in the right direction – 42% think it is heading in the wrong direction. Since this question was asked in April, “right direction” has increased 2% and “wrong direction” increased 3%.

66% (down 2%) of Labor voters, 18% (down 3%) of Liberal/National voters and 46% (up 1%) of Greens voters think the economy is heading in the right direction. 43% of men think the economy is heading in the right direction compared to 34% of women.

Trust to handle economy

May 6, 2013

Q. Who would you trust most to handle Australia’s economy – The Treasurer Wayne Swan or the Shadow Treasurer Joe Hockey?

 

Total

Vote Labor

Vote Lib/Nat

Vote Greens

Wayne Swan

32%

70%

9%

48%

Joe Hockey

35%

4%

67%

17%

Don’t know

32%

26%

25%

36%

32% trust Wayne Swan more to handle Australia’s economy and 35% trust Joe Hockey more. Men favour Joe Hockey 41%/34% while women are evenly split – 31% Wayne Swan and 30% Joe Hockey.

Those on incomes under $1,000pw favour Wayne Swan 34%/31% while those earning over $1,000pw favour Joe Hockey 37%/32%.

The Australian economy

Jan 29, 2013

Q. Thinking about the state of the world economy, how do you think the Australian economy has performed over the last few years compared to other countries?

 

15 Aug 11

7 May 12

Total 29 Jan 13

Vote Labor

Vote Lib/Nat

Vote Greens

Total better

70%

66%

70%

84%

64%

71%

Total worse

10%

15%

12%

5%

16%

10%

A lot better

31%

29%

29%

45%

18%

35%

A little better

39%

37%

41%

39%

46%

36%

About the same

16%

16%

16%

10%

19%

17%

A little worse

7%

9%

7%

3%

9%

6%

A lot worse

3%

6%

5%

2%

7%

4%

Don’t know

3%

3%

3%

2%

1%

2%

70% think that Australia’s economy has performed better than other countries over the last few years, 16% say about the same and 12% think it has been worse. This represents a shift from net +51 to net +58 since this question was previously asked in May last year.

There were no substantial differences across demographic groups although those on lower incomes were a little more likely to believe it has performed worse – for those on income under $600pw, 56% think Australia’s economy has performed better and 20% worse.

The economy

Jan 29, 2013

Q. Over the next 12 months do you think economic conditions in Australia will get better, get worse or stay much the same?  

 

1 Dec
08

15 Jun 09

5
Oct
09

28 Jun
10

18 Oct
10

4 Apr
11

4
Jul
11

3 Oct
11

26 Mar 12

7 May
12

27 Aug 12

Tot
29 Jan
13

Vote ALP

Vote Lib

Vote Gre
-ens

Total better

21%

43%

66%

33%

40%

27%

22%

16%

25%

23%

22%

29%

50%

21%

18%

Total worse

61%

37%

15%

31%

30%

37%

49%

58%

46%

46%

45%

37%

22%

51%

33%

Get a lot better

2%

5%

8%

5%

6%

4%

3%

2%

3%

2%

3%

4%

8%

2%

5%

Get a little better

19%

38%

58%

28%

34%

23%

19%

14%

22%

21%

19%

25%

42%

19%

13%

Get a little worse

45%

28%

11%

23%

20%

27%

31%

41%

31%

31%

30%

28%

18%

37%

25%

Get a lot worse

16%

9%

4%

8%

10%

10%

18%

17%

15%

15%

15%

9%

4%

14%

8%

Stay much the same

13%

17%

15%

30%

24%

27%

25%

22%

21%

25%

27%

27%

24%

25%

42%

No opinion

5%

3%

4%

7%

6%

8%

4%

4%

7%

6%

6%

6%

4%

3%

7%

Confidence in the economic outlook has improved since August.  The percentage of respondents believing conditions will get better increased 7 points to 29%, while those believing that economic conditions will get worse over the next 12 months dropped 8 points to 37%.  This is the most positive outlook recorded since October 2010.

Labor voters are optimistic overall – 50% better/22% worse.  Coalition voters are the most pessimistic, with 51% believing that thing will get worse over the next 12 months and only 21% better.

There was little difference across demographic groups except for older respondents – of those aged 55+, 27% think conditions will get better and 48% worse.

Rating of the economy

Oct 29, 2012

Q. How would you rate the current state of Australia’s economy?

 

28 May 12

Total

Vote Labor

Vote Lib/Nat

Vote Greens

Total good

35%

41%

64%

27%

57%

Total poor

29%

23%

7%

38%

7%

Very good

6%

6%

9%

3%

8%

Good

29%

35%

55%

24%

49%

Neither good nor poor

33%

33%

26%

33%

34%

Poor

20%

16%

6%

26%

7%

Very poor

9%

7%

1%

12%

-

Don’t know

2%

4%

3%

2%

1%

41% described the economy as good or very good and 23% poor/very poor – 33% said it was neither. This is a substantial positive change from a net +6 in May to net +18.

Those most likely to think the economy was good/very good were aged 18-34 (46%).

Those most likely to think the economy was poor/very poor were aged 65+ (33%) and respondents from Queensland (44%).

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