O75 Public Administration

Government Confidence jumps after L-NP win Election

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Original article by Roy Morgan
Market Research Update – Page: Online : 3-Jul-19

Roy Morgan’s Government Confidence Rating has increased by 11.5pts to 104.5 following the L-NP’s victory at the Federal Election in mid-May. Interviewing conducted on the weekends of 22-23 and 29-30 June 2019 shows that 43.5% (up 6%) of electors now say that Australia is heading in the ‘right direction’, and 39% (down 5.5%) say Australia is heading in the ‘wrong direction’. The turnaround in Government Confidence since the Federal Election has been driven by strong increases in Government Confidence amongst a number of key demographics, including L-NP supporters and supporters of Independents/Others, electors in Country Areas, electors in Queensland and Western Australia, electors aged 50+ and electors of both genders. However, Government Confidence amongst ALP supporters has fallen 14.5pts to 84 after the party lost an election most Australians expected it to win.

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ROY MORGAN LIMITED

ANZ-Roy Morgan Consumer Confidence jumps to 118.9

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Original article by Roy Morgan
Market Research Update – Page: Online : 3-Jul-19

ANZ-Roy Morgan Australian Consumer Confidence rose 4% to 118.9 in the week ended 30 June, one of the largest increases in a year. On an absolute level, the index is at a two-month high. Households’ views towards current financial conditions fell 2.2%, while views towards future financial conditions were up 1.0%. Consumers’ views toward current economic conditions rose 13.3% after falling for three consecutive weeks, and views toward future economic conditions rose 7.0% after four straight weekly losses. The ‘time to buy a household item’ index was up 3.2%, taking it close to the levels seen last July. The four-week moving average for inflation expectations was stable at 3.9%, although the weekly reading fell to 3.7%.

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

Australians see the Environment as the World’s biggest problem but in Australia it’s the Economy

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Original article by Roy Morgan
Market Research Update – Page: Online : 3-Jul-19

In-depth research by Roy Morgan exploring the concerns of Australians shows that 46% believe that Environmental issues are the important problem facing the world, up from 22% in early 2018. This is followed by Economic issues (21%) and Social issues (11%). Meanwhile, Economic issues (led by Unemployment, Cost of living, Economic problems, Poverty and the gap between rich and poor, Homelessness/ Lack of housing and Housing affordability) were mentioned by almost 34% of Australians as the most important problems facing Australia. A further 24% of respondents identified Environmental issues as the most important problem facing Australia. This research is based on interviews with a representative cross-section of 638 Australians during June 2019.

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ROY MORGAN LIMITED

CFMEU battles developer of Adelaide tower

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Original article by David Marin-Guzman
The Australian Financial Review – Page: 6 : 2-Jul-19

The militant Construction, Forestry, Maritime, Mining & Energy Union alleges that property developer Kyren Group prevented union organisers from entering a building site to investigate workplace safety issues. The CFMMEU claims that the company’s actions constituted ‘unlawful picket action’ under laws introduced by the Coalition in 2016. The union’s statement of claim in the Federal Court also alleges that the site manager’s behaviour made the organisers feel ‘intimidated and threatened’.

CORPORATES
CONSTRUCTION, FORESTRY, MARITIME, MINING AND ENERGY UNION OF AUSTRALIA, KYREN GROUP, FEDERAL COURT OF AUSTRALIA

Tax cut row blunting attacks, ALP MPs warn

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Original article by Geoff Chambers, Rosie Lewis
The Australian – Page: 1 & 4 : 2-Jul-19

The federal government will introduce its income tax cuts package to the lower house on 2 July before putting it to the Senate, where the Coalition needs the support of four crossbenchers if it is opposed by Labor and the Greens. Centre Alliance is open to supporting the tax package if the government agrees to measures aimed at addressing the issue of high domestic gas prices, while independent senator Jacqui Lambie may also be open to backing the tax cuts. Meanwhile, shadow treasurer Jim Chalmers says Labor may be willing to support the tax package if the Senate rejects its proposed amendments to the bill.

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, CENTRE ALLIANCE, ONE NATION PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE TREASURY

Embrace Pacific power role

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Original article by Ben Packham
The Australian – Page: 1 & 5 : 2-Jul-19

The new US ambassador to Australia, Arthur ­Culvahouse, says there would be no question of the US not coming to Australia’s aid if the latter was being threatened by a foreign power. Culvahouse says Australia has a lot of standing in the Pacific region, while he says he is confident that Prime Minister Scott Morrison will continue to "call out" bad behaviour by China when he sees it. Culvahouse says that while many Australians know that China is its biggest trading partner, not so many realise that the US is by a long way Australia’s biggest and most important economic partner.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Business Confidence virtually unchanged at 114.7 in June

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Original article by Roy Morgan
Market Research Update – Page: Online : 2-Jul-19

In Australia, Business Confidence rose 0.3pts (+0.3%) to 114.7 in June 2019, according to the latest Roy Morgan Business Single Source survey, after an 11.2% jump in May. Business Confidence has now increased to its highest level since May 2018 (117.1). Now 53.9% (up 9.4ppts) of businesses expect the business to be ‘better off’ financially this time next year (the highest figure for this indicator since April 2018), while just 14.1% (down 1.6ppts) expect the business to be ‘worse off’ financially this time next year (the lowest figure for this indicator since April 2016). Meanwhile, 49.5% (up 2.1ppts) of businesses expect the Australian economy to have ‘good times’ over the next year, while 39.7% (down 1.6ppts) expect the economy to have ‘bad times’. However, just 41.2% (down 10.1ppts) of businesses say the next year will be a ‘good time to invest in growing the business’, while 43.4% (up 7.4ppts) say it will be a ‘bad time to invest’.

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ROY MORGAN LIMITED

ANZ-Roy Morgan New Zealand Consumer Confidence up 3.3pts to 122.6 in June

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Original article by Roy Morgan
Market Research Update – Page: Online : 1-Jul-19

ANZ-Roy Morgan New Zealand Consumer Confidence rose 3 points to 123 in June 2019, unwinding most of last month’s fall to sit a bit above its historical average. The Current Conditions Index rose 2 points to 128, while the Future Conditions Index rose 4 points to 119. Consumers’ perceptions of their current financial situation rose 5 points, with a net 15% of New Zealanders feeling financially better off than a year ago. A net 29% of consumers expect to be better off financially this time next year, up 6 points. Meanwhile, a net 12% of consumers expect economic conditions to improve in the next 12 months (up 5 points), and a net 40% of consumers think now is a good time to buy a major household item (down 3 points).

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

Trade truce fears for local farmers

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 1-Jul-19

The US and China have indicated that they will resume trade negotiations, with President Donald Trump stating that China had agreed to buy a "tremendous amount" of US agricultural produce. This has prompted concern among Australian officials that such purchases could be at the expense of local farmers, along with fears that the US and China could strike ‘side deals’. However, despite the concerns about agriculture, there was overall relief in Australia that China and the US have agreed to keep talking about their trade differences and that Trump did not impose any more tariffs on China.

CORPORATES
UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

Donald Trump steps onto North Korean soil in meeting with Kim Jong-un

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Original article by Ally Foster
News.com.au – Page: Online : 1-Jul-19

North Korean leader Kim Jong-un has praised Donald Trump for becoming the first US President to step foot on North Korean soil. The two leaders had met in the Demilitarised Zone that separates North and South Korea after Trump had extended a last-minute invitation to Kim for the two to meet. Trump stepped onto the northern side of the DMZ, while Kim also crossed the demarcation line between North and South Korea, setting foot in South Korea. It is the third time Trump and Kim have met, and the meeting has raised hopes that denuclearisation talks will continue.

CORPORATES
UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT