Impact of Dollar on Industry

Mar 26, 2012

Q. The Australian dollar is now at $1.05 US and has been historically higher than the normal range of 60c-80c US. Is the high Australian dollar good or bad for the following industries?

 

Total good

Total bad

Very good

Good

Neither good nor bad

Bad

Very bad

Don’t know

Mining industry

29%

29%

10%

19%

20%

24%

5%

22%

Farming & Grazing Industry

16%

49%

4%

12%

16%

36%

13%

19%

Finance Industry

38%

15%

9%

29%

25%

12%

3%

21%

Construction Industry

24%

26%

4%

20%

28%

22%

4%

23%

Manufacturing industry

15%

50%

3%

12%

14%

29%

21%

20%

Retail Industry

23%

47%

6%

17%

14%

30%

17%

16%

Australian Tourism Industry

20%

56%

8%

12%

10%

31%

25%

14%

Overall, respondents think that the high Australian dollar has only been good for the finance industry (38% good/15% bad).

They believe that it has been particularly bad for the tourism industry (20% good/56% bad), the manufacturing industry (15%/50%), the farming and grazing industry (16%/49%) and the retail industry (23%/47%)

On the mining industry, they were split 29% good/29% bad.

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