ANZ-Roy Morgan Consumer Confidence eases 1.3pts to 83.1 in late July due to concerns about the Australian economy after biggest weekly jump in over three years

Original article by Roy Morgan
Market Research Update – Page: Online : 31-Jul-24

ANZ-Roy Morgan Consumer Confidence fell 1.3pts to 83.1 in the week to 28 July; the index has now spent a record 78 straight weeks below the mark of 85. However, Consumer Confidence is now 4.7 points above the same week a year ago (78.4), and 1.3 points above the 2024 weekly average of 81.8. A look at Consumer Confidence by State shows that there were decreases in most states, including New South Wales, Queensland, and South Australia; the index was unchanged in Victoria and went against the trend with an increase in Western Australia. Now 21% of Australians (down 1ppt) say their families are ‘better off’ financially than this time last year, while 49% (unchanged) say their families are ‘worse off’. Looking forward, 32% (down 1ppt) of Australians expect their family to be ‘better off’ financially this time next year, while 31% (down 1ppt) expect to be ‘worse off’. Now 9% (down 3ppts) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 35% (up 2ppts) expect ‘bad times’. Meanwhile, 23% (unchanged) of Australians say now is a ‘good time to buy’ major household items, while 48% (up 1ppt) say now is a ‘bad time to buy’.

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

ANZ-Roy Morgan Inflation Expectations up marginally in late July at 5.0% – from 4.9% for the month of June

Original article by Roy Morgan
Market Research Update – Page: Online : 31-Jul-24

The latest weekly ANZ-Roy Morgan Inflation Expectations are 5.0% for the week of July 22-28. This figure is in line with the average so far this year of 5.0%, and up 0.1% points from the month of June. A look at monthly Inflation Expectations for June 2024 shows the measure at 4.9% for the month – unchanged on a month earlier and the equal lowest monthly figure so far this year. Looking back over the first six months of the year, weekly Inflation Expectations have moved in a narrow band of 4.8% – 5.3% and averaged 5.0%. The data for the Inflation Expectations series is drawn from the Roy Morgan Single Source, which has interviewed an average of around 5,100 Australians aged 14+ per month over the last decade, and includes interviews with 6,033 Australians aged 14+ in June 2024.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS

Roy Morgan wins three-year contract to deliver international tourism statistics for Austrade

Original article by Roy Morgan
Market Research Update – Page: Online : 31-Jul-24

From 2025, Roy Morgan will provide Austrade with the world’s best practice survey methodology, big data integration and modelling techniques to deliver accurate international tourism statistics. This is in addition to the contract to deliver domestic tourism statistics awarded to Roy Morgan earlier this year. Roy Morgan’s expertise and experience in measuring travel and tourism behaviour in depth, will provide Austrade – and its stakeholders in government and industry – with accurate tourism statistics as well as new insights and understanding of Australia’s tourism industry. Roy Morgan has a deep understanding and appreciation of the travel and tourism industry – estimated to be worth in excess of $160 billion annually – and a proven track record working with Austrade and its stakeholders. Collected via Roy Morgan’s highly trained and proficient interviewers at key international entry points around Australia, these critical tourism metrics will provide tourism organisations with data that they can rely upon and trust.

CORPORATES
ROY MORGAN LIMITED, AUSTRADE

CFMEU calls in corruption buster for conduct inquiry

Original article by Damon Johnston
The Australian – Page: 6 : 31-Jul-24

The CFMEU’s national secretary Zach Smith says the union has appointed Geoffrey Watson, SC to head an independent investigation into its alleged links to organised crime. Watson is a former counsellor assisting the NSW Independent Commission Against Corruption, and Smith says his review will inform the future actions of the union. Smith adds that much of the recent media reporting with regard to the CFMEU has been "misinformed"; however, he adds that some of the issues that have been raised must be taken seriously and they will be addressed "head on".

CORPORATES
CONSTRUCTION, FORESTRY AND MARITIME EMPLOYEES UNION, NEW SOUTH WALES. INDEPENDENT COMMISSION AGAINST CORRUPTION

Australians warned not to travel to Lebanon as tensions between Israel and Hezbollah rise

Original article by Maddy Morwood
abc.net.au – Page: Online : 30-Jul-24

The Department of Foreign Affairs & Trade’s Smartraveller service has advised Australians not to travel to Lebanon, following increasing tensions between Israel and Hezbollah in the wake of an attack by Hezbollah on the Israeli-occupied Golan Heights that killed a dozen children. Smartraveller also advised Australians in Lebanon to leave immediately while commercial flights are still available, with a number of airlines having cancelled or suspended flights to Lebanon because of the increased tensions. Meanwhile, Opposition leader Peter Dutton has commenced an official visit to Israel, where he will meet with senior government officials and travel to the sites of the Hamas terrorist attacks on 7 October.

CORPORATES
AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE

PM calls for Barnaby Joyce to be sacked for telling voters to use votes as bullets

Original article by Courtney Gould, Tim Fernandez
abc.net.au – Page: Online : 30-Jul-24

National Party MP Barnaby Joyce has apologised for using an inappropiate metaphor during an anti-wind farm rally in NSW on Sunday. Joyce likened a ballot paper in the upcoming election to a bullet and the ballot box to a gun’s magazine; he stated that voters should "get ready to load that magazine" and says goodbye to Chris Bowen, Anthony Albanese and the local MP Stephen Jones. Albanese has urged Opposition leader Peter Dutton to remove Joyce from his frontbench, contending that the analogy was completely unacceptable and could potentially incite violence behaviour. Joyce’s comments followed the recent failed attempt to assassinate former US president Donald Trump.

CORPORATES
NATIONAL PARTY OF AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

No stopping boats if you stop looking

Original article by Ben Packham
The Australian – Page: 1 & 4 : 30-Jul-24

New data has raised concern about Australia’s ability to detect illegal maritime arrivals. US-based Leidos is required to undertake 15,000 hours of aerial surveillance each year under its Operation Sovereign Borders contract. However, the defence company’s total flight time in 2022-23 was just 12,691 hours, which is 20.7 per cent lower than the previous year. The Senate was recently told that this had fallen by a further two per cent in the first 11 months of 2023-24. The Coalition contends that addressing the decline in aerial surveillance and maritime patrols should be a priority for new Home Affairs Minister Tony Burke.

CORPORATES
LEIDOS, AUSTRALIA. DEPT OF HOME AFFAIRS

Roy Morgan Poll: Labor has slight edge in too close to call election as both major parties lose primary support: ALP 50.5% cf. L-NP 49.5%

Original article by Roy Morgan
Market Research Update – Page: Online : 30-Jul-24

If a Federal Election were held now the result would be ‘too close to call’ with the Labor Party in front 50.5% (up 1.5%) just ahead of the Coalition on 49.5% (down 1.5%) on a two-party preferred basis. Either the ALP or Coalition would require the support of minor parties and independents to form a minority government based on these results, the latest Roy Morgan survey finds. The Coalition primary vote was down 2% to 37.5%, the ALP primary support was down 1% to 30.5% while support for the Greens was unchanged at 13%. Support for One Nation increased 1.5% to 6.5%, support for Other Parties was up 0.5% to 4% and support for Independents increased 1% to 8.5%.

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

CFMEU will take years to rebuild: Watt

Original article by Ewin Hannan
The Australian – Page: 1 & 4 : 30-Jul-24

Workplace Relations Minister Murray Watt says the allegations that the CFMEU’s construction division has links to organised crime are "shocking and seriously disturbing". Watt adds that addressing the issue is a top priority for the federal government. Watt also says the government is prepared to legislate to ensure that several branches of the CFMEU’s construction division are placed in administration. Meanwhile, Watt has criticised Coalition MPs for claiming that the CFMEU’s links to organised crime were well-known, questioning why the Coalition did nothing about the issue while it was in office.

CORPORATES
AUSTRALIA. DEPT OF EMPLOYMENT AND WORKPLACE RELATIONS, CONSTRUCTION, FORESTRY AND MARITIME EMPLOYEES UNION

Push to regulate sale of cannabis to stem rise in organised crime

Original article by Mark Buttler
Herald Sun – Page: Online : 24-Jul-24

The Penington Institute’s CEO John Ryan says cannabis has become an integral part of the criminal economy, and he contends that the drug is a health problem rather than a law and order problem. Ryan argues that the use of cannabis should be regulated rather than prohibited, in order to undermine the criminal market. The Pennington Institute, which advocates drug reform, has released a report which calls for the creation of a regulated cannabis market which would allow adult users to buy the drug from controlled access points; this would ensure that users had access to cannabis that is free of contaminants.

CORPORATES
PENNINGTON INSTITUTE