The Economy

Aug 28, 2012

Q. Over the next 12 months do you think economic conditions in Australia will get better, get worse or stay much the same?

 

1

Dec

08

15

Jun

09

5

Oct

09

28

Jun

10

18

Oct

10

4

Apr

11

4

Jul

11

3

Oct

11

26

Mar

12

7

May

12

Total

27 Aug 12

Vote ALP

Vote Lib/

Nat

Vote Greens

Total better

21%

43%

66%

33%

40%

27%

22%

16%

25%

23%

22%

34%

18%

23%

Total worse

61%

37%

15%

31%

30%

37%

49%

58%

46%

46%

45%

31%

57%

40%

Get a lot better

2%

5%

8%

5%

6%

4%

3%

2%

3%

2%

3%

7%

2%

2%

Get a little better

19%

38%

58%

28%

34%

23%

19%

14%

22%

21%

19%

27%

16%

21%

Get a little worse

45%

28%

11%

23%

20%

27%

31%

41%

31%

31%

30%

22%

35%

32%

Get a lot worse

16%

9%

4%

8%

10%

10%

18%

17%

15%

15%

15%

9%

22%

8%

Stay much the same

13%

17%

15%

30%

24%

27%

25%

22%

21%

25%

27%

30%

23%

29%

No opinion

5%

3%

4%

7%

6%

8%

4%

4%

7%

6%

6%

5%

2%

7%

Confidence in the economic outlook has shown little change since May.  The percentage of respondents believing conditions to be getting better declined a point to 22% and those believing that economic conditions will get worse over the next 12 months dropped a point to 45%. 27% think things will stay much the same (up 2 points).

Labor voters were the most optimistic overall – 34% better/31% worse.  Coalition voters are the most pessimistic, with 57% believing that thing will get worse over the next 12 months and only 18% better.

Men (28% better/42% worse) were a little more optimistic than women (16% better/47% worse).

Personal financial situation

Aug 28, 2012

Q. Over the next 12 months do you think your personal financial situation will get better, get worse or stay much the same? 

 

28 Jun

10

18 Oct

10

4 April

11

4 Jul

11

3 Oct

11

26 Mar 12

Total

27 Aug 12

Vote

Labor

Vote

Lib/Nat

Vote

Greens

Total better

29%

33%

32%

28%

24%

28%

29%

36%

23%

39%

Total worse

31%

29%

31%

36%

41%

37%

37%

29%

44%

29%

Get a lot better

5%

6%

7%

5%

4%

5%

6%

8%

4%

9%

Get a little better

24%

27%

25%

23%

20%

23%

23%

28%

19%

30%

Get a little worse

21%

21%

22%

23%

27%

27%

26%

19%

33%

17%

Get a lot worse

10%

8%

9%

13%

14%

10%

11%

10%

11%

12%

Stay much the same

37%

32%

32%

32%

32%

29%

30%

32%

31%

27%

No opinion

4%

5%

5%

3%

3%

5%

5%

3%

3%

5%

29% (up 1% since March) of respondents believe that their personal financial situation will get better in the next 12 months and 37% worse (no change). 30% (up 1%) expect it to stay much the same.

Greens voters (39% better) and Labor voters (36%) are the most likely to believe that their personal financial situation will get better over the next 12 months, whereas Coalition voters are the most likely to believe that theirs will get worse (44%).

People on lower incomes were more pessimistic about their personal financial outlook – those earning under $600 per week split 23% better/48% worse – compared to those earning more than $1,600pw who split 38% better/29% worse.

Sign up for updates

Receive the Essential Report in your inbox.
  • This field is for validation purposes and should be left unchanged.