Essential Report

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%).

Ships, trains and submarines — can we build them here?

Sep 11, 2012


Tim Ayres wishes Clive Palmer and other mining giants would give local manufacturers a go instead of heading overseas.

When Clive Palmer recently announced his replica of the Titanic would be built in China due to the lack of ship building facilities in Australia, the AMWU hit back with a video clip showing the 500-strong workforce at a Newcastle shipyard.

It’s all part of the AMWU’s campaign, Build Them Here, appealing to government to set local content targets on some of the massive construction and transport projects to ensure local manufacturers get contracts ahead of low cost overseas competitors — as is often the case in the mining industry.

Tim Ayres, the NSW secretary for the AMWU, tells 3Q that local manufacturers can build heavy infrastructure – they just need to be given the opportunity. In doing so, new jobs and apprenticeships will be created, valuable intellectual property is developed and the knock on effect strengthens the economy.

The Economy

Aug 28, 2012

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

Total

27 Aug 12

Vote ALP

Vote Lib/

Nat

Vote Greens

Total better

21%

43%

66%

33%

40%

27%

22%

16%

25%

23%

22%

34%

18%

23%

Total worse

61%

37%

15%

31%

30%

37%

49%

58%

46%

46%

45%

31%

57%

40%

Get a lot better

2%

5%

8%

5%

6%

4%

3%

2%

3%

2%

3%

7%

2%

2%

Get a little better

19%

38%

58%

28%

34%

23%

19%

14%

22%

21%

19%

27%

16%

21%

Get a little worse

45%

28%

11%

23%

20%

27%

31%

41%

31%

31%

30%

22%

35%

32%

Get a lot worse

16%

9%

4%

8%

10%

10%

18%

17%

15%

15%

15%

9%

22%

8%

Stay much the same

13%

17%

15%

30%

24%

27%

25%

22%

21%

25%

27%

30%

23%

29%

No opinion

5%

3%

4%

7%

6%

8%

4%

4%

7%

6%

6%

5%

2%

7%

Confidence in the economic outlook has shown little change since May.  The percentage of respondents believing conditions to be getting better declined a point to 22% and those believing that economic conditions will get worse over the next 12 months dropped a point to 45%. 27% think things will stay much the same (up 2 points).

Labor voters were the most optimistic overall – 34% better/31% worse.  Coalition voters are the most pessimistic, with 57% believing that thing will get worse over the next 12 months and only 18% better.

Men (28% better/42% worse) were a little more optimistic than women (16% better/47% worse).

Impact on Australia of European Economic Crisis

Jul 9, 2012

Q. How much impact do you think the current economic and financial problems in Europe have on the Australian economy— a major impact, some impact, only a small impact or no impact?

 

Total

Vote Labor

Vote Lib/Nat

Vote Greens

A major impact

14%

12%

18%

8%

Some impact

60%

61%

65%

55%

Only a small impact

16%

18%

12%

24%

No impact

3%

2%

1%

6%

Don’t know

7%

7%

3%

6%

14% think the financial and economic problems in Europe have a major impact on the Australian economy and 60% think they have some impact. Only 19% think they have only a small or no impact.

82% of respondents aged 55+ and 83% of Liberal/National voters think they have major/some impact.

Those most likely to think they have only a small or no impact were aged under 35 (23%) and Greens voters (30%).

Of those who had heard or read a lot about the problems in Europe, 26% think they have a major impact on the Australian economy and 58% think they have some impact.

Statements about European Economic Crisis

Jul 9, 2012

Q. Which of the following statements is closer to your own view?

 

Total

Vote Labor

Vote Lib/Nat

Vote Greens

The economic and financial crisis in Europe may have some impact on Australia but it will be very limited – because of our great distance from Europe and our trade and investment is no longer dependent on Europe

30%

39%

26%

34%

The economic and financial crisis in Europe already clearly impact on countries we do business with like the UK and US so it will definitely have a significant impact on the Australian economy.

53%

48%

65%

46%

Don’t know

16%

13%

9%

20%

A majority (53%) of respondents agreed with the statement that “The economic and financial crisis in Europe already clearly impact on countries we do business with like the UK and US so it will definitely have a significant impact on the Australian economy”.

Those most likely to agree with this statement were aged 55+ (64%) and Liberal/National voters (65%).

39% of Labor voters agreed with the statement that “The economic and financial crisis in Europe may have some impact on Australia but it will be very limited – because of our great distance from Europe and our trade and investment is no longer dependent on Europe.”

Of those who had heard or read a lot about the problems in Europe, 36% agreed that “The economic and financial crisis in Europe may have some impact on Australia but it will be very limited – because of our great distance from Europe and our trade and investment is no longer dependent on Europe” and 61% agreed that “The economic and financial crisis in Europe already clearly impact on countries we do business with like the UK and US so it will definitely have a significant impact on the Australian economy”.

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