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

Consumer strike continues to hit business confidence

The slowdown in consumer spending has continued to weigh on business confidence, reinforcing concerns that Western Australia’s economy has entered the new decade in ‘survival mode’.

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

WA consumers end the decade with subdued confidence

West Australians’ confidence has continued to fall, dropping to its lowest level in over two years, driven principally by increased concerns towards the cost of living, personal finances and job prospects. 84% of West Australians expect the WA economy to worsen or remain unchanged over the next three months, while 27% of consumers surveyed expect the economy to further worsen over the next twelve months. Consumers are now considering interest rates as having a negative influence on confidence (39%), rather than a positive one (32%).

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.

July 2019 Update

WA is still struggling to find its groove. Lower business investment has affected employment and consumption in the WA economy since 2012. We expect resources investment to pick up in 2019-20, however a looming trade war between our largest trading partner and largest foreign direct investor, combined with an already slowing China presents longer term concerns for the future of the economy.

Produced quarterly, our inflation update provides charts and tables on consumer price trends in Perth and all the capital cities.