O75 Public Administration

Almost half of Australians (49%) say the Australian Government should not take sides in the current crisis in Israel and Gaza

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Original article by Roy Morgan
Market Research Update – Page: Online : 30-Nov-23

Now 49% of Australians say the Australian Government should ‘not take sides’ in the current crisis in Israel and Gaza, according to a special Roy Morgan online survey conducted in conjunction with the Islamic Society of South Australia. This compares to 19% who say the Government ‘should do more to support Palestine’ and 17% who say the ‘Australian Government should do more to support Israel’; 15% of respondents don’t know. The survey also found that 39% of Australians say the Government is ‘favouring the Israelis’ compared to only 10% who say the Government is ‘favouring the Palestinians’. Meanwhile, 80% of Australians say Hamas should return the Israeli hostages unconditionally, while 40% of Australians say the Israeli army should withdraw their armed forces from Gaza immediately and 33% say they should not. This special Roy Morgan online survey was conducted with an Australia-wide cross-section of 1,006 Australians aged 18+ from Thursday November 16 to Monday November 20.

CORPORATES
ROY MORGAN LIMITED, ISLAMIC SOCIETY OF SOUTH AUSTRALIA

RBA won’t lift rates again, says OECD

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Original article by Michael Read
The Australian Financial Review – Page: 4 : 30-Nov-23

The latest CPI data has strengthened the case for leaving Australia’s official interest rates on hold in December, with the annual inflation rate falling from 5.6 per cent in September to just 4.9 per cent in October. Meanwhile, the OECD expects the cash rate to remain on hold at 4.35 per cent until the September 2024 quarter, while the Paris-based organisation forecasts that a gradual easing of monetary policy will see it fall to 3.6 per cent by the end of 2025. Meanwhile, the OECD expects cost-of-living pressures to reduce Australia’s GDP growth from 1.9 per cent in 2023 to just 1.4 per cent in 2024. It also anticipates that inflation will fall below three per cent by 2025.

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ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT

Roy Morgan Poll on Federal voting intention shows support for the ALP recovering – up 3% points: ALP 52.5% cf. L-NP 47.5%

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Original article by Roy Morgan
Market Research Update – Page: Online : 29-Nov-23

The ALP has regained the lead on 52.5% (up 3% on a week ago) ahead of the Coalition on 47.5% (down 3%) on a two-party preferred basis, according to the latest Roy Morgan Poll on Federal voting intention conducted over the last week. The result halts a run of three straight weeks of declines for the ALP. On primary vote the Coalition is now on 35% (down 2.5% from a week ago), ahead of the ALP on 32% (up 2.5%). The Greens are unchanged on 13.5% and One Nation is on 5%, down 1.5%. There has been a gain in support for Independents on 9%, up 2%, but a drop in support for Other Parties on 5.5%, down 0.5%. The latest Roy Morgan Poll is based on interviewing a representative cross-section of 1,379 Australian electors from November 20-26, 2023. For further details watch Roy Morgan’s weekly Market Research Update video presented by Roy Morgan CEO Michele Levine.

CORPORATES
ROY MORGAN LIMITED, MORGAN POLL, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, ONE NATION PARTY

ANZ-Roy Morgan Consumer Confidence up 2pts to 76.7 this week as Black Friday/Cyber Monday drives buying intentions up to their highest for ten months – since January 2023

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Original article by Roy Morgan
Market Research Update – Page: Online : 29-Nov-23

ANZ-Roy Morgan Consumer Confidence rose 2pts to 76.7 in the week to 26 November; however, it has now spent a record 43 straight weeks below the mark of 85. Consumer Confidence is 6.9pts below the same week a year ago (83.1), and clearly below the 2023 weekly average of 77.9. Consumer Confidence was up significantly in New South Wales and Queensland, but down in Victoria and South Australia, and virtually unchanged in Western Australia. Now 20% of Australians (up 1ppt) say their families are ‘better off’ financially than this time last year, while 55% (unchanged) say their families are ‘worse off’ financially. Looking forward, 27% (down 1ppt) of Australians expect their family to be ‘better off’ financially this time next year (the lowest figure for this indicator since the early days of the pandemic in April 2020), while 40% (up 2ppts) expect to be ‘worse off’. (This week’s figure is the lowest net rating for this question since August 1989). Only 8% (up 2ppts) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 40% (down 2ppts) expect ‘bad times’. Meanwhile, 23% (up 4ppts) of Australians say now is a ‘good time to buy’ major household items (the highest figure for this indicator since January 2023), while 49% (down 3ppts) say now is a ‘bad time to buy’ (the lowest figure for this indicator since January 2023).

CORPORATES
ROY MORGAN LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

Union bosses demand cost-of-living relief as PM flags further measures

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Original article by Paul Sakkal
The Age – Page: Online : 29-Nov-23

Prime Minister Albanese has told Labor MPs that the cost-of-living crisis has been at the top of the federal government’s top agenda, but he acknowledged that it must do more to assist households in the next year. ACTU secretary Sally McManus and the CFMEU’s national secretary Zach Smith have urged the government to make cost-of-living relief a priority; the latter has advocated measures such as a super profits tax on big business and short-term measures such as cutting the fuel excise or subsidising energy bills.

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AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY, ACTU, CONSTRUCTION, FORESTRY, MARITIME, MINING AND ENERGY UNION OF AUSTRALIA

More IR changes make bad bill worse

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Original article by David Marin-Guzman
The Australian Financial Review – Page: 4 : 29-Nov-23

The federal government tabled 81 amendments to its Closing Loopholes Bill in the lower house on Tuesday. Australian Industry Group CEO Innes Willox and Minerals Council of Australia CEO Tania Constable have expressed concern about some of the amendments, with the latter contending that they will broaden the union movement’s powers with regard to the ‘same job, same pay’ provisions. However, Workplace Relations Minister Tony Burke has described the amendments as "practical reforms".

CORPORATES
AUSTRALIA. DEPT OF EMPLOYMENT AND WORKPLACE RELATIONS, THE AUSTRALIAN INDUSTRY GROUP, MINERALS COUNCIL OF AUSTRALIA

Households coping well, says Bullock

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Original article by Michael Read
The Australian Financial Review – Page: 1 & 6 : 29-Nov-23

Reserve Bank of Australia governor Michele Bullock addressed an international conference in Hong Kong on Tuesday. She told the audience – which included a number of central bankers – that Australian households and businesses are in a "pretty good position", despite the "political noise" regarding the RBA’s 13 interest rate increases since May 2022. Bullock also conceded that the RBA’s goal of returning inflation to its target range of 2-3 per cent by the end of 2025 is "very uncertain". Her predecessor Philip Lowe told the conference that he is concerned that central banks may not yet have lifted interest rates far enough to rein in inflation.

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RESERVE BANK OF AUSTRALIA

ANZ-Roy Morgan Consumer Confidence virtually unchanged at 74.7 this week as buying intentions improve ahead of the Black Friday/Cyber Monday weekend

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Original article by Roy Morgan
Market Research Update – Page: Online : 22-Nov-23

ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 74.7 in the week to 19 November; however, it has now spent a record 42 straight weeks below the mark of 85. Consumer Confidence is 6.9pts below the same week a year ago (81.6), and clearly below the 2023 weekly average of 77.9. Consumer Confidence was up in Victoria, South Australia and Western Australia, virtually unchanged in New South Wales, and down slightly in Queensland. Now 19% of Australians (down 1ppt) say their families are ‘better off’ financially than this time last year, while 55% (up 1ppt) say their families are ‘worse off’ financially. Only 6% (down 1ppt) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 42% (up 2ppts) expect ‘bad times’. Meanwhile, 19% (up 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 52% (down 3ppts) say now is a ‘bad time to buy’.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

Inflation Expectations in mid-November are at 5.6% – significantly higher than the month of October (5.3%)

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Original article by Roy Morgan
Market Research Update – Page: Online : 22-Nov-23

The latest weekly Inflation Expectations are at 5.6% for the week of November 13-20; this is up 0.1% points from a week ago and 0.3% points higher than the month of October. A look at the monthly Inflation Expectations for October shows the measure at 5.3% for the month, an increase of 0.1% points on September (5.2%). In the month of October 2023 Australians expected inflation of 5.3% annually over the next two years, and this has continued to increase since. The increase in Inflation Expectations in the month of October is important given that this is the first increase in the monthly indicator since June. The latest ABS monthly CPI estimate for September also showed an increase at 5.6%, up 0.7% points from 4.9% in the year to July. The data for the Inflation Expectations series is drawn from the Roy Morgan Single Source which has interviewed an average of around 5,000 Australians aged 14+ per month over the last decade and includes interviews with 7,495 Australians aged 14+ in October 2023.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS

50 Commonwealth Games bureaucrats still being paid

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Original article by Shannon Deery, Alex White
Herald Sun – Page: Online : 22-Nov-23

The Victorian government is continuing to attract scrutiny over its controversial decision in July to withdraw from hosting the 2026 Commonwealth Games. It has been revealed that the government has yet to finalise exit packages for about 50 staff who were employed to organise the Games; sources say they will continue to be paid until 29 January, which is the deadline for them to ­decide whether to accept an exit package. The Games staff say they have been placed on ‘gardening leave’. The manager of opposition business James Newbury says Premier Jacinta Allan holds the gold medal for wasting taxpayers’ money. Allan was the minister responsible for the Commonwealth Games.

CORPORATES
VICTORIA. DEPT OF PREMIER AND CABINET