economy, Essential Report, Greens, Labor, Liberal, Nationals, Polling, polls
Q. Australia is currently experiencing a boom in the mining industry. Apart from mining, how would you rate the rest of Australia’s economy?
| Total | Vote Labor | Vote Lib/Nat | Vote Greens | |
| Total good | 31% | 44% | 21% | 49% |
| Total poor | 26% | 12% | 35% | 17% |
| Very good | 4% | 6% | 2% | 8% |
| Good | 27% | 38% | 19% | 41% |
| Average | 40% | 42% | 43% | 34% |
| Poor | 18% | 9% | 23% | 15% |
| Very poor | 8% | 3% | 12% | 2% |
| Don’t know | 3% | 2% | 2% | 1% |
31% rate the Australian economy (excluding mining) as good and 26% rate it poor. 40% rate it average. Labor voters (44% good/26% poor) and Greens voters (49%/17%) are most positive about the economy. Liberal/National voters rate the economy 21% good/35% poor.
36% of those aged 18-34 rate the economy good compared to 25% of those aged 55+.
2PP, asylum seekers, climate change, economy, Election, Election Issues, Essential Report, fair industrial relations system, Greens, Labor, leadership, Liberal, Nationals, Polling, polls, voting, Voting intention
Q. Which are the three most important issues in deciding how you would vote at a Federal election?
| One | Two | Three | Total | 24 Jan 11 | 11 Oct 10 | 25 Jan 10 | |
| Management of the economy | 34% | 18% | 9% | 61% | 65% | 62% | 63% |
| Ensuring a quality education for all children | 6% | 10% | 10% | 26% | 26% | 32% | 23% |
| Ensuring the quality of Australia’s health system | 15% | 15% | 19% | 49% | 49% | 48% | 48% |
| Protecting the environment | 4% | 6% | 5% | 15% | 13% | 12% | 16% |
| A fair industrial relations system | 2% | 3% | 3% | 8% | 10% | 11% | * |
| Political leadership | 6% | 6% | 5% | 17% | 16% | 16% | 23% |
| Addressing climate change | 6% | 4% | 5% | 15% | 10% | 11% | 16% |
| Controlling interest rates | 3% | 5% | 5% | 13% | 21% | 17% | 15% |
| Australian jobs and protection of local industries | 9% | 11% | 12% | 32% | 30% | 30% | 33% |
| Ensuring a quality water supply | 1% | 1% | 3% | 5% | 6% | 6% | 12% |
| Housing affordability | 4% | 6% | 6% | 16% | 16% | 17% | 14% |
| Ensuring a fair taxation system | 3% | 6% | 8% | 17% | 18% | 16% | 14% |
| Security and the war on terrorism | 2% | 2% | 4% | 8% | 5% | 6% | 9% |
| Treatment of asylum seekers | 1% | 2% | 2% | 5% | 5% | 5% | * |
| Managing population growth | 2% | 4% | 6% | 12% | 11% | 10% | * |
*Not asked
61% of people surveyed rated management of the economy as one of their three most important issues, followed by 49% ensuring the quality of Australia’s health system and 32% Australian jobs and protection of local industries.
Since January, there has been an increase in the importance of addressing climate change (from 10% to 15%) and a decrease in the importance of controlling interest rates (from 21% to 13%).
Australian economy, cost of living, economy, Essential Media, Essential Report, Federal Government, Greens, Labor, Liberal, Nationals, Polling, polls, State Governments, wages
Q. What do you think is the main reason for the increasing cost of living?
| Total | Vote Labor | Vote Lib/Nat | Vote Greens | |
| The strong Australian dollar | 17% | 30% | 9% | 17% |
| Excessive company profits | 18% | 24% | 10% | 27% |
| Lack of competition | 14% | 18% | 9% | 24% |
| Economic management of the Federal Government | 28% | 8% | 51% | 9% |
| Economic management of State Governments | 6% | 3% | 8% | 6% |
| Wage increases | 4% | 3% | 4% | 3% |
| Don’t know | 14% | 14% | 8% | 14% |
28% believe that economic management of the Federal Government is the main reason for the increasing cost of living. 18% blame excessive company profits and 17% the strong Australian dollar. Only 4% said wage increases.
Most of those blaming the Federal Government were Liberal/National voters. Labor voters nominated the strong Australian dollar and excessive company profits while Greens votes said excessive company profits and lack of competition.
Australian economy, economy, EMC, ER, Essential Media, Essential Report, Greens, Labor, Liberal, management of the economy, Nationals, Polling, polls, the economy
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?
| Post budget 2010 | Pre budget 2011 | Post budget 2011 | Vote Labor | Vote Liberal/ National | Vote Greens | |
| The right direction | 51% | 45% | 46% | 74% | 30% | 46% |
| The wrong direction | 25% | 29% | 29% | 9% | 49% | 24% |
| Don’t know | 24% | 25% | 25% | 17% | 21% | 30% |
Nearly half (46%) the respondents think that Australia’s economy is heading in the right direction – 29% think it is heading in the wrong direction.
This was a little less positive than the post 2010 budget poll, but unchanged from the poll taken before the 2011 budget – which suggests that the budget has had no impact on overall perceptions of the economy.
74% of Labor voters, 30% of Liberal/National voters and 46% of Greens voters think the economy is heading in the right direction.
Australian economy, economy, EMC, ER, Essential Media, Essential Report, Greens, Labor, Liberal, management of the economy, Nationals, Polling, polls, the economy
Q. Which party do you think would be best at handling the Australian economy in the interests of you and people like you?
| Post budget 2010 | Post budget 2011 | Vote Labor | Vote Liberal/ National | Vote Greens | |
| Labor Party | 33% | 30% | 75% | 3% | 36% |
| Liberal Party | 36% | 40% | 4% | 84% | 11% |
| No difference | 20% | 22% | 17% | 10% | 46% |
| Don’t know | 11% | 9% | 4% | 3% | 7% |
30% think Labor the party best to handle the economy (in the interests of you and people like you) and 40% nominated the Liberal Party. This represents a shift of 7% in favour of the Liberal Party since the 2010 budget.
75% of Labor voters nominated Labor and 84% of Coalition voters nominated the Liberal Party. 46% of Greens voters said there was no difference – 36% said Labor and 11% Liberal.
Those with incomes under $600 pw favour Labor 32% to 30% while those on $1,600+ pw favour the Liberals 49% to 29%.
Australian economy, economic conditions, economics, economy, EMC, ER, Essential Media, Essential Report, Greens, Labor, Liberal, Nationals, Polling, polls, the economy
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) |
Total | Vote Labor | Vote Liberal/ National | Vote Greens | |
| The right direction | 51% | 45% | 75% | 27% | 51% |
| The wrong direction | 25% | 29% | 7% | 51% | 17% |
| Don’t know | 24% | 25% | 17% | 22% | 33% |
45% of respondents think that Australia’s economy is heading in the right direction – 29% think it is heading in the wrong direction. Since this question was asked just after the 2010 budget, “right direction” has dropped 6% and “wrong direction” increased 4%.
75% of Labor voters, 27% of Liberal/National voters and 51% of Greens voters think the economy is heading in the right direction.
Australian economy, economy, EMC, ER, Essential Media, Essential Report, Greens, Labor, Liberal, Nationals, Polling, polls, State of the Economy
Q. Compared to other developed countries (e.g. USA, UK, Japan, European nations) how would you rate the current state of the Australian economy?
| Total | Vote Labor | Vote Lib/Nat | Vote Greens | |
| Total good | 69% | 82% | 66% | 75% |
| Total poor | 7% | 2% | 9% | 1% |
| Very good | 24% | 37% | 15% | 38% |
| Good | 45% | 45% | 51% | 37% |
| Average | 21% | 14% | 24% | 21% |
| Poor | 4% | 2% | 5% | 1% |
| Very poor | 3% | – | 4% | – |
| Don’t know | 3% | 2% | 1% | 2% |
69% believe that, compared to other developed countries, the current state of the Australian economy is good and 7% think it is poor. 82% of Labor voters think it is good compared to 75% of Greens voters and 66% of Liberal/National voters.
Those on higher incomes are more likely to think it is good – 75% of those on $1,600+ per week compared to 66% of those under $600 per week.
economics, economy, EMC, ER, Essential Media, Essential Report, finances, Greens, Labor, Liberal, money, Nationals, Polling, polls, the economy
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 | 18 Jan 10 | 29 Mar 10 | 28 Jun 10 | 18 Oct 10 | 4 April 11 | Vote Labor | Vote Lib/Nat | Vote Greens | |
| Total better | 21% | 43% | 66% | 53% | 54% | 33% | 40% | 27% | 38% | 25% | 23% |
| Total worse | 61% | 37% | 15% | 19% | 19% | 31% | 30% | 37% | 26% | 48% | 33% |
| Get a lot better | 2% | 5% | 8% | 9% | 9% | 5% | 6% | 4% | 7% | 3% | 3% |
| Get a little better | 19% | 38% | 58% | 44% | 45% | 28% | 34% | 23% | 31% | 22% | 20% |
| Get a little worse | 45% | 28% | 11% | 14% | 13% | 23% | 20% | 27% | 22% | 33% | 27% |
| Get a lot worse | 16% | 9% | 4% | 5% | 6% | 8% | 10% | 10% | 4% | 15% | 6% |
| Stay much the same | 13% | 17% | 15% | 24% | 22% | 30% | 24% | 27% | 32% | 23% | 35% |
| No opinion | 5% | 3% | 4% | 4% | 6% | 7% | 6% | 8% | 4% | 5% | 8% |
Optimism about Australia’s economic outlook has declined substantially in the last 6 months. 27% think economic conditions in Australia will get better over the next 12 months and 37% think they will get worse – a net decline of 20% since this question was last asked in October. This is the most negative result recorded since December 2008.
Younger people are more optimistic than older people – of those aged under 35, 34% think conditions will get better and 27% worse.
38% of Labor voters think conditions will get better and 26% worse while 25% of Coalition voters think conditions will get better and 48% worse.