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 gains short-term boost, but retailers continue to struggle

The latest survey results indicate that businesses expect to close out the December quarter stronger than the rest of the year, giving business confidence a much-needed boost.

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

Analysis includes:

  • Short and medium-term data provided by metropolitan and regional consumers
  • The major concerns for consumers in the current economic climate including living costs, employment and the political environment

Consumer confidence dimmed by trade wars and domestic economic uncertainty

West Australians’ confidence in the economy has dropped to its lowest level since December 2017 on the back of global headwinds and commentary that Australia is facing the threat of a recession. This is in contrast to the June quarter’s results which saw both short-term and medium-term confidence improve. Only 18 per cent of West Australians expect the WA economy to improve in the short-term and only one in three expect conditions to improve over the next 12 months – both down 11 per cent since the June quarter.

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.