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 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
Skills shortages greater concern for WA businesses than JobKeeper withdrawal.
After recently catapulting to its highest level in 13 years, Western Australian business confidence remains relatively high, down only slightly in the first three months of this year. Ongoing strength in the mining sector continues to be the most significant factor driving confidence, followed by optimism around the nationwide vaccine roll out and record low interest rates. Rising skills shortages and the concern this will push up labour costs is the most significant headwind for confidence.
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
Return to pre-lockdown life and vaccine optimism push WA consumer confidence to 11 year high
After soaring to decade highs in December 2020, Western Australian consumer confidence has held firm in the first three months of 2021 – rising slightly to its highest level since March 2010. The State Government continues to be the most significant factor underpinning Western Australians’ confidence, followed by optimism around the nationwide COVID-19 vaccine roll-out and record low interest rates. At the same time, Western Australians remain concerned about ongoing international trade tensions and the possibility that WA will experience another 5-day snap lockdown if a new locally acquired case is identified.
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.
February 2021 Report
Our Outlook report shows that COVID-19 inflicted a severe blow to the economy, but global commodity markets and Federal Government stimulus have enabled WA’s economy to rebound.
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 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%).
Produced quarterly, our inflation update provides charts and tables on consumer price trends in Perth and all the capital cities.