State of the Economy

May 28, 2012

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

 

Total

Vote Labor

Vote Lib/Nat

Vote Greens

Total good

35%

56%

24%

54%

Total poor

29%

13%

42%

18%

Very good

6%

13%

2%

17%

Good

29%

43%

22%

37%

Neither good nor poor

33%

30%

33%

28%

Poor

20%

9%

29%

14%

Very poor

9%

4%

13%

4%

Don’t know

2%

2%

*

1%

35% described the economy as good or very good and 29% poor/very poor – 33% said it was neither.

Those most likely to think the economy was good/very good were aged 18-34 (41%) and people with incomes over $1,600pw (44%).

Those most likely to think the economy was poor/very poor were aged 55+ (34%) and people with incomes of $600-$1,000pw (36%).

Comments »

Agreement with Economic Figures

May 28, 2012

Q. Some say that official figures show Australia’s economy is doing very well, especially compared to the rest of the world.  The interest rate, the unemployment rate and the inflation rate are all less than 5%. Do you agree or disagree that this shows the state of the economy is good?

 

Total

Vote Labor

Vote Lib/Nat

Vote Greens

Total agree

52%

75%

39%

70%

Total disagree

37%

17%

54%

23%

Strongly agree

9%

20%

3%

16%

Agree

43%

55%

36%

54%

Disagree

27%

12%

39%

17%

Strongly disagree

10%

5%

15%

6%

Don’t know

10%

7%

7%

8

When told that official figures show Australia’s economy is doing well, 52% agreed and 37% disagreed.

Those most likely to disagree were Liberal/National voters (54%), aged 45+ (45%) and people with incomes of $600-$1,000pw (43%).

Comments »

Reasons Government is Unpopular

May 28, 2012

Q. Although Australia’s economy is doing very well, according to opinion polls the Government is very unpopular. What do you think is the main reason for this? *

 

Total

Vote Labor

Vote Lib/Nat

Vote Greens

Voters don’t trust the Prime Minister

28%

21%

35%

44%

The carbon tax will increase the cost of living

17%

17%

19%

8%

The economy is doing well for other reasons, like China and the mining boom, not because of the government

15%

13%

19%

5%

Voters are still angry about the treatment of Kevin Rudd.

12%

18%

6%

14%

Voters aren’t benefiting from the strong economy.

12%

10%

14%

8%

The government looks sleazy because of Craig Thomson and Peter Slipper.

4%

5%

3%

8%

Some other reason

8%

12%

3%

11%

Don’t know

3%

5%

1%

3

* Based on those who agree the economy is good.

Respondents who thought the economy was doing well, thought the main reasons for the Government’s unpopularity were that voters don’t trust the Prime Minister (28%), that the carbon tax will increase the cost of living (17%) and that the economy is doing well for other reasons, not because of the Government (15%).

Both Liberal/National and Greens voters said trust in the Prime Minister was the key issue, while Labor voters were somewhat more likely to nominate anger over the treatment of Kevin Rudd.

Mining Boom

May 21, 2012

Q. Has the mining boom been good or bad for –

 

Total good

Total bad

Very good

Good

Neither good nor bad

Bad

Very bad

Don’t know

The economy generally

75%

7%

30%

45%

12%

5%

2%

6%

Other Australian industries

50%

16%

12%

38%

26%

12%

4%

9%

Jobs generally

61%

12%

16%

45%

21%

9%

3%

7%

You personally

21%

10%

6%

15%

60%

7%

3%

9%

A substantial majority think that the mining boom has been good for the economy generally (75%) and jobs generally (61%). 50% think that it has been good for other Australian industries.

However, most (60%) think it has been neither good nor bad for themselves personally – 21% think it has been good and 10% bad.

Those most likely to think the mining boom had been good for them personally were aged 25-34 (31%), full-time workers (26%) and those on incomes over $1,600pw (27%).

Comments »

The Australian Economy

May 7, 2012

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

Total

Vote Labor

Vote Lib/Nat

Vote Greens

Total better

70%

66%

80%

60%

73%

Total worse

10%

15%

8%

19%

10%

A lot better

31%

29%

49%

19%

38%

A little better

39%

37%

31%

41%

35%

About the same

16%

16%

12%

20%

17%

A little worse

7%

9%

6%

10%

8%

A lot worse

3%

6%

2%

9%

2%

Don’t know

3%

3%

1%

1%

1%

66% think that Australia’s economy has performed better than other countries over the last few years, 16% say about the same and 15% think it has been worse. This represents a shift from net +60 to net +51 since this question was previous asked in August last year.

There were no substantial differences across demographic groups although those on higher incomes are a little more likely to believe it has performed better – 71% of those on incomes over $1,600pw compared to 61% of those earning under $1,000pw.

Comments »

The Economy – Heading in the Right/Wrong Direction

Mar 26, 2012

Q. Overall, 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

(Post 2010 budget)

9 May 11

(Post 2011 budget)

4 Jul 11

26 Mar 12

Vote Labor

Vote Liberal/ National

Vote Greens

The right direction

51%

45%

37%

36%

65%

19%

47%

The wrong direction

25%

29%

43%

41%

15%

64%

23%

Don’t know

24%

25%

20%

22%

21%

17%

30%

36% of respondents think that Australia’s economy is heading in the right direction – 41% think it is heading in the wrong direction. Opinions have changed little since this question was asked in July last year – “right direction” has dropped 1% and “wrong direction” dropped 2%.

65% of Labor voters, 19% of Liberal/National voters and 47% of Greens voters think the economy is heading in the right direction.

Comments »

Party Best at Handling Economy

Mar 26, 2012

Q. Which party do you think would be best at handling the Australian economy in the interests of you and people like you?

 

4 Jul 11

26 Mar 12

Vote Labor

Vote Lib/Nat

Vote Greens

The Labor Party

26%

29%

76%

1%

39%

The Liberal Party

43%

41%

2%

89%

7%

No difference

23%

20%

14%

7%

45%

Don’t know

8%

10%

7%

4%

9%

 

41% (down 2% since July last year) think the Liberal Party would be best at handling the Australian economy in their interests and 29% (up 3%) nominated the Labor Party. 20% think there is no difference.

There were significant differences by income – those earning under $600pw split 38% Labor/30% Liberal while those earning over $1,600pw favoured the Liberal Party 49% to 23% Labor.

Comments »

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.

Comments »

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