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
Early relaxation of COVID-19 restrictions boosts short-term confidence
Almost one out of two (48%) WA businesses expect economic conditions to improve or remain unchanged over the next 3 months, up 10 percentage points since last quarter. The short-term improvement was driven primarily by an earlier than expected relaxation of social distancing restrictions and sustained evidence that Western Australia has remained free of community based COVID-19 transmission. Western Australian short-term business confidence has now recovered around 60 per cent of the fall recorded during the peak of the pandemic.
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
COVID-19 Drives Consumer Confidence To Record Lows
The economic fallout from the COVID-19 pandemic has driven Western Australian consumer confidence to its lowest level on record, according to the latest CCIWA Consumer Confidence Survey. Four out of five (81%) Western Australians rated COVID-19 as reducing their confidence in the June quarter, while a high number of Western Australians reported heightened concerns about their job prospects and personal financial situation.
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.
January 2020 Report
Western Australia’s economy begins the decade with weak business and dwelling investment, a contracting domestic economy and subdued economic activity. By these measures the economy is treading water, reinforcing the view that WA is merely surviving, not thriving.
Produced quarterly, our inflation update provides charts and tables on consumer price trends in Perth and all the capital cities.