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Economic Insight

CCIWA plays an active role in informing the business community on issues related to the State and national economy and State and Federal Government finances. And our economics team has their finger on the pulse when it comes to the Western Australian economy.

Leaning on our international and national experience, our economists link local business impact to global events. They work hard to keep our Members ahead of the pack with their knowledge of how the economy is evolving and the impact it may have on their business.

The WA Super – CCIWA Business Confidence Survey is the longest running and most comprehensive business survey in WA. Produced quarterly it covers businesses of all sizes and sectors across the state and includes:

  • Expert analysis about the short and medium-term business confidence
  • Comprehensive data regarding issues such as labour costs, profitability, and capital expenditure

Business Confidence rises to highest level since 2007

Western Australian business confidence has risen to its highest level in 13 years, according to the December edition of the CCIWA Business Confidence Survey. The sharp improvement in confidence across industries was primarily driven by strength in the mining sector. Other factors boosting confidence include the safe reopening of interstate borders with ‘very low risk’ States and news of global vaccine progress, as well as continued support from government stimulus measures and record low interest rates.

At the same time, businesses remain concerned about the availability of skilled labour, rising international trade tensions and the possibility that WA or other States could suffer a new outbreak of COVID-19, triggering the return of social distancing measures and ‘hard’ border restrictions.

The first of its kind in the State, the CCIWA Consumer Confidence survey provides invaluable insights into the attitudes and sentiments of Western Australian consumers.

Analysis includes:

  • Short and medium-term expectations of economic conditions provided by metropolitan and regional consumers
  • The major concerns for consumers in the current economic climate – including spending habits, employment prospects and financial health

Festive cheer as borders safely reopen for Christmas

In line with national sentiment, Western Australian consumer confidence has risen to its highest level in 10 years, according the December edition of the CCIWA Consumer Confidence Survey. The sharp improvement was driven by the State Government’s decision to safely reopen interstate borders with ‘very low risk’ States, record low interest rates and global vaccine progress.

While a clear sign that WA’s economic recovery is moving in the right direction, Western Australians remain concerned about rising international trade tensions and the possibility that WA will experience an uncontrolled outbreak of COVID-19.

Outlook is a biannual CCIWA publication that provides expert forward-looking economic analysis. It contains:

  • Analysis of the state, national and international economies
  • Economic forecasts on key indicators such as inflation, the labour force and employment

Produced by our well-informed and market-conscious economics team, Outlook makes sure you stay ahead of the current and expected changes in economic conditions.

August 2020 Report

Our economic Outlook – the first since COVID-19 – shows WA is in the eye of the storm. We forecast more rough conditions ahead, with a clear need for policies to spark business investment and confidence.

Western Australia’s regions are the engine room of the WA economy, supporting a range of key export industries, including resources, agriculture and tourism.

Regional Pulse breaks down key results from the WA Super-CCIWA Business Confidence Survey, providing insights into the conditions facing businesses in WA’s regional centres. The report contains:

  • Comprehensive data on key economic indicators across the regions, including profitability, capital expenditure, production, labour costs and employment.
  • The major barriers facing regional businesses over the next 12 months.

December 2020

On average, businesses in every WA region except the Kimberley are expecting stronger conditions over the next three months compared to those expecting weaker conditions. Almost three out of five (57%) businesses in regional WA expect conditions to strengthen over the next three months – more than three times the proportion expecting conditions to worsen (14%).