State of the economy

Mar 24, 2015

Q. Overall, how would you describe the current state of the Australian economy?

 

 

Total

 

 

Vote Labor

Vote Lib/Nat

Vote Greens

Vote other

 

May 2012

Apr 2013

Sep 2013

Jan 2014

Apr 2014

Aug 2014

Total good

27%

28%

33%

28%

12%

35%

45%

40%

34%

38%

37%

Total poor

33%

34%

28%

33%

48%

29%

26%

25%

26%

24%

26%

Very good

3%

3%

4%

2%

6%

8%

6%

4%

3%

6%

Good

24%

25%

29%

26%

12%

29%

37%

34%

30%

35%

31%

Neither good nor poor

36%

35%

37%

31%

33%

33%

28%

32%

36%

34%

35%

Poor

24%

24%

23%

26%

30%

20%

17%

20%

21%

19%

18%

Very poor

9%

10%

5%

7%

18%

9%

9%

5%

5%

5%

8%

Don’t know

4%

3%

2%

7%

7%

2%

2%

3%

4%

4%

3%

27% described the economy as good or very good and 33% poor/very poor – 36% said it was neither. This represents a substantial net decline from +11 to -6 since August.

Views on the state of the economy were similar across age and voter groups. Among Labor voters 28% thought it was good and 34% poor; for Liberal/National voters 33% said it was good and 28% poor.

State of the economy

Aug 19, 2014

Q. Overall, how would you describe the current state of the Australian economy?

 

 

May 2012

Apr 2013

Sep 2013

Jan 2014

Apr 2014

 

Total

 

 

Vote Labor

Vote Lib/Nat

Vote Greens

Vote other

Total good

35%

45%

40%

34%

38%

37%

36%

44%

41%

22%

Total poor

29%

26%

25%

26%

24%

26%

33%

19%

18%

35%

Very good

6%

8%

6%

4%

3%

6%

6%

6%

7%

3%

Good

29%

37%

34%

30%

35%

31%

30%

38%

34%

19%

Neither good nor poor

33%

28%

32%

36%

34%

35%

29%

37%

39%

42%

Poor

20%

17%

20%

21%

19%

18%

21%

15%

16%

20%

Very poor

9%

9%

5%

5%

5%

8%

12%

4%

2%

15%

Don’t know

2%

2%

3%

4%

4%

3%

2%

1%

3%

1%

37% described the economy as good or very good and 26% poor/very poor – 35% said it was neither. This represents a small net decline from +14 to +11 since April.

Those most likely to think the economy was good/very good were people with university education (47%). Liberal/National voters (44%) were more likely that Labor voters (36%) to think the economy was good.

State of the economy

Apr 1, 2014

Q. Overall, how would you describe the current state of the Australian economy?

 

 

28 May 12

8 Apr 13

16 Sep 13

21 Jan 14

 

Total

 

 

Vote Labor

Vote Lib/Nat

Vote Greens

Vote other

Total good

35%

45%

40%

34%

38%

38%

47%

36%

21%

Total poor

29%

26%

25%

26%

24%

24%

18%

24%

46%

Very good

6%

8%

6%

4%

3%

3%

5%

5%

Good

29%

37%

34%

30%

35%

35%

42%

31%

21%

Neither good nor poor

33%

28%

32%

36%

34%

34%

33%

37%

33%

Poor

20%

17%

20%

21%

19%

18%

16%

20%

31%

Very poor

9%

9%

5%

5%

5%

6%

2%

4%

15%

Don’t know

2%

2%

3%

4%

4%

4%

2%

4%

38% described the economy as good or very good and 24% poor/very poor – 34% said it was neither. This represents a net improvement from +8 to +14 since January. The main shift since January was an increase of 7% for “good” and a decrease of 6% for “poor” among Liberal/National voters.

Those most likely to think the economy was good/very good were people with incomes over $1,600pw (42%). Liberal/National voters (47%) were more likely that Labor voters (38%) to think the economy was good.

State of the economy

Jul 15, 2013

Q. Overall, how would you describe the current state of the Australian economy?

 

 

28 May 12

8 Apr 13

 

Total

15 Jul 13

 

 

Vote Labor

Vote Lib/Nat

Vote Greens

Total good

35%

45%

36%

59%

18%

54%

Total poor

29%

26%

30%

14%

45%

12%

Very good

6%

8%

6%

10%

1%

10%

Good

29%

37%

30%

49%

17%

44%

Neither good nor poor

33%

28%

30%

25%

34%

33%

Poor

20%

17%

22%

12%

32%

11%

Very poor

9%

9%

8%

2%

13%

1%

Don’t know

2%

2%

3%

3%

2%

2%

36% described the economy as good or very good and 30% poor/very poor – 30% said it was neither. This represents a net decline from +19 to +6 since April.

Those most likely to think the economy was good/very good were people with incomes over $1,600pw (41%).

Those most likely to think the economy was poor/very poor were aged 55+ (35%) and people with incomes under $600pw (36%).

Reasons economy is poor

Apr 8, 2013

Q. What is the main reason you don’t think the state of the economy is good? *

 

28 May 12

Total

Vote Labor

Vote Lib/Nat

Poor economic management by Government

27%

40%

17%

52%

Increasing cost of living

34%

27%

41%

22%

Businesses are struggling

13%

11%

7%

13%

Increasing gap between rich and poor

9%

7%

15%

3%

Incomes aren’t increasing fast enough to keep up

7%

6%

7%

5%

Global financial problems

7%

5%

7%

4%

Other reason

2%

3%

6%

2%

Don’t know

1%

1%

* Based on those who disagree that economy is good.

Those who disagreed that the economy was good said the main reasons were poor economic management by Government (40%) and the increasing cost of living (27%). Those who blame poor economic management by the Government has increased 13% and cost of living has decreased 7% since May last year.

62% of respondents aged 55+ blamed poor economic management by Government while the increasing cost of living was the major factor for 41% of respondents aged 25-44.

The Australian economy

Jan 29, 2013

Q. Thinking about the state of the world economy, how do you think the Australian economy has performed over the last few years compared to other countries?

 

15 Aug 11

7 May 12

Total 29 Jan 13

Vote Labor

Vote Lib/Nat

Vote Greens

Total better

70%

66%

70%

84%

64%

71%

Total worse

10%

15%

12%

5%

16%

10%

A lot better

31%

29%

29%

45%

18%

35%

A little better

39%

37%

41%

39%

46%

36%

About the same

16%

16%

16%

10%

19%

17%

A little worse

7%

9%

7%

3%

9%

6%

A lot worse

3%

6%

5%

2%

7%

4%

Don’t know

3%

3%

3%

2%

1%

2%

70% think that Australia’s economy has performed better than other countries over the last few years, 16% say about the same and 12% think it has been worse. This represents a shift from net +51 to net +58 since this question was previously asked in May last year.

There were no substantial differences across demographic groups although those on lower incomes were a little more likely to believe it has performed worse – for those on income under $600pw, 56% think Australia’s economy has performed better and 20% worse.

State of the Economy

Apr 4, 2011

Q. Compared to other developed countries (e.g. USA, UK, Japan, European nations) how would you rate the current state of the Australian economy?

Total Vote Labor Vote Lib/Nat Vote Greens
Total good 69% 82% 66% 75%
Total poor 7% 2% 9% 1%
Very good 24% 37% 15% 38%
Good 45% 45% 51% 37%
Average 21% 14% 24% 21%
Poor 4% 2% 5% 1%
Very poor 3% 4%
Don’t know 3% 2% 1% 2%

69% believe that, compared to other developed countries, the current state of the Australian economy is good and 7% think it is poor. 82% of Labor voters think it is good compared to 75% of Greens voters and 66% of Liberal/National voters.

Those on higher incomes are more likely to think it is good – 75% of those on $1,600+ per week compared to 66% of those under $600 per week.

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