Management of the economy

Oct 7, 2014

Q. How would you rate the government’s management of the Australian economy compared to how governments in other countries around the world have managed their economies? 

 

Total

 

 

Vote Labor

Vote Lib/Nat

Vote Greens

Vote other

 

May 2013

May 2014

Total Good

39%

21%

68%

25%

19%

39%

40%

Total Poor

28%

44%

7%

52%

38%

32%

31%

Very good

11%

5%

22%

4%

2%

11%

9%

Good

28%

16%

46%

21%

17%

28%

31%

Neither good nor poor

28%

31%

24%

18%

34%

24%

24%

Poor

15%

22%

6%

20%

20%

17%

14%

Very poor

13%

22%

1%

32%

18%

15%

17%

Don’t know

5%

3%

1%

4%

9%

5%

5%

39% of Australians would rate the government’s management of the economy, compared to other countries around the world, as good.

28% would rate their management of the economy as poor.

There have been no major shifts in attitudes since this question was asked in May.

Labor (21%), Greens (25%) and other (19%) voters were less likely to rate the government’s management of the economy as ‘good’. Lib/Nat voters (68%) were more likely to rate the government’s management of the economy as ‘good’.

47% of those earning $1,600+ pw rate the government’s management ‘good’ and 35% of those earning less than $1,000 pw rate it ‘poor’.

Foreign investment

Aug 26, 2014

Q. Do you think investment in mining and ports by Chinese companies is good or bad for the Australian economy?

  

Total

 

 

Vote Labor

Vote Lib/Nat

Vote Greens

Vote other

Total good

38%

37%

50%

34%

29%

Total bad

36%

34%

30%

38%

52%

Very good

6%

7%

7%

4%

4%

Good

32%

30%

43%

30%

25%

Bad

22%

24%

18%

24%

28%

Very bad

14%

10%

12%

14%

24%

Don’t know

26%

29%

20%

28%

20%

38% think that investment in mining and ports by Chinese companies is good for the Australian economy and 36% think it is bad.

Liberal/National voters are more likely to think it is good for the economy (50%), while Labor and Greens voters are almost evenly divided on this issue.

Those most likely to think it is good for the economy were men (48%) and full-time workers (46%). Those most likely to think it is bad were aged 55+ (46%).

Australian economy heading in right or wrong direction

Aug 19, 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?

 

 

May 2010

May 2011

Jun 2012

Apr 2013

Sep 2013

Jan 2014

Apr 2014

 

Total

 

 

Vote Labor

Vote Lib/ Nat

Vote Greens

Vote other

The right dir-ection

51%

45%

43%

36%

44%

38%

39%

35%

24%

56%

26%

23%

The wrong dir-ection

25%

29%

32%

39%

26%

33%

34%

41%

54%

22%

54%

54%

Don’t know

24%

25%

25%

25%

30%

29%

26%

24%

22%

22%

19%

23%

35% of respondents think that Australia’s economy is heading in the right direction and 41% think it is heading in the wrong direction. This represents a net change from +5 to -6 since April – and the most pessimistic response recorded over the last four years.

24% (down 1%) of Labor voters, 56% (down 11%) of Liberal/National voters and 26% (up 4%) of Greens voters think the economy is heading in the right direction. 54% of Labor and Greens voters and 50% of those earning less than $600pw think the economy is heading in the wrong direction.

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).

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