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
Short-term outlook recovers, but longer-term uncertainty remains amidst border impacts
Western Australian short-term business confidence has recovered in the September quarter, driven by record fiscal support, ongoing success at controlling the virus, and the reopening of the domestic economy. At the same time, WA businesses remain uncertain about the 12-month outlook, with longer-term business confidence still well down on pre-pandemic levels. For many businesses, these concerns reflect uncertainty about the duration of border closures and the impacts on their business.
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.
- 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
WA Consumer Confidence Recovers as Economy Reopens
After falling to record lows in the June quarter, Western Australian consumer confidence has returned to pre-pandemic levels, according to the September edition of the CCIWA Consumer Confidence Survey. The sharp improvement was driven by unprecedented levels of fiscal support through measures such as JobKeeper, JobSeeker and the early release of superannuation, as well as an earlier than expected reopening of the domestic economy and sustained evidence that WA has remained free of community based COVID-19 transmission. While a clear sign that WA’s economic recovery is moving in the right direction, Western Australians remain concerned about the possibility that WA will suffer a second wave of COVID-19 cases, as well as their job security.
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.
On average, businesses in regional WA are expecting tougher conditions over the next three months compared to those in the Perth metropolitan region. Almost two out of five (38%) businesses in regional WA expect conditions to worsen over the coming quarter compared to 32 per cent of those in Perth and Peel. Conditions are expected to remain subdued over the longer-term, with a higher proportion of businesses in regional WA expecting conditions to worsen (45%) than improve (30%) over the next twelve months. Skills shortages remain the largest barrier to growth for businesses in the Pilbara & Gascoyne (67%), Goldfields-Esperance (40%) and Kimberley (19%).
Produced quarterly, our inflation update provides charts and tables on consumer price trends in Perth and all the capital cities.