BUSINESS – AUSTRALIA

News firms in stand for fairer future

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Original article by James Madden
The Australian – Page: 19 : 23-Nov-20

Some of Australia’s top media industry executives have jointly signed an ‘open letter’ to the federal government expressing support for its proposed media bargaining code. The letter also outlines the features that must be included in the code to ensure a level playing field between traditional media companies and digital platforms such as Facebook and Google. Seven West Media CEO James Warburton, News Corp Australia executive chairman Michael Miller and Free TV CEO Bridget Fair are amongst those who signed the letter, which will be published in all major metropolitan newspapers on 23 November.

CORPORATES
SEVEN WEST MEDIA LIMITED – ASX SWM, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, FREE TV AUSTRALIA LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, FACEBOOK INCORPORATED, GOOGLE INCORPORATED

Australia & COVID-19 The Economic Story So Far 2.0 Roy Morgan Update: October 2020

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Original article by Roy Morgan
Market Research Update – Page: Online : 28-Oct-20

During the COVID-19 crisis, the ANZ-Roy Morgan Consumer Confidence Index, Roy Morgan Business Confidence Index and Inflation Expectations all hit new record lows, and Unemployment reached its highest level since Roy Morgan began independently measuring it more than two decades ago. Although the pandemic is still with us, and its effects are being felt throughout the nation, there has been improvement all four measures, although Inflation Expectations was the last to lift and rose only slightly, and the seeming improvement in Unemployment is deceptive. Roy Morgan CEO Michele Levine says "We noted in our previous COVID-19: The Economic Story So Far update that as the pandemic progressed, the early sense of ‘we’re all in this together’ had become eroded – something which has become more obvious with every passing week, both politically and economically. Victoria has been the hardest hit state, but nowhere is unaffected, with a total of 3.16 million Australians (22.3% of the workforce nationally) either unemployed or under-employed. Up to this point, financial relief measures from government have cushioned the blow for many people, but with JobSeeker supplements and JobKeeper payments now reduced and set to end completely in coming months, the recession we are in and the damaging effects of the COVID-19 pandemic will be with us for a considerably time, regardless of developments into finding a vaccine".

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ROY MORGAN LIMITED

Roy Morgan Business Confidence down 1.2pts to 83.1 in August – Confidence lowest in Victoria (76.1) and Queensland (77.0)

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Original article by Roy Morgan
Market Research Update – Page: Online : 8-Sep-20

In August 2020 Roy Morgan Business Confidence was down 1.2pts (-1.4%) to 83.1. Public Administration & Defence and Transport, Postal & Warehousing are the only industries with Business Confidence in positive territory above 100 over the last two months – Public Administration & Defence (123.4) and Transport, Postal & Warehousing (114.4). Industries with above average confidence included Property & Business Services (92.2), Education & Training (91.6), Wholesale (89.4), Agriculture (88.9), Manufacturing (87.1) and Construction (86.0). Industries with confidence below average included Community Services (73.8), Recreation & Personal (68.0), Retail (63.5), Mining (62.8) and Finance & Insurance (57.5).

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ROY MORGAN LIMITED

Business Confidence jumps in May, up 13pts to 89.9 – highest in Western Australia & South Australia

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Original article by Roy Morgan
Market Research Update – Page: Online : 9-Jun-20

In May 2020 Roy Morgan Business Confidence was up 13pts (+16.7%) to 89.9 and recovering significantly from the record low reached in April. Michele Levine, CEO of Roy Morgan, says: "For the first time in 2020 a majority of 50.5% of businesses expect the business will be ‘better off’ this time next year. The turnaround has been quickest in SA & WA. However, for the Australian economy to really get moving, the Governments of NSW and Victoria must improve their low Business Confidence by encouraging businesses to invest and seek opportunities for growth in the year ahead."

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ROY MORGAN LIMITED

Federal Court’s ruling on casual employees set to have impact on hundreds of thousands of businesses says Roy Morgan CEO Michele Levine

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Original article by Michele Levine
Market Research Update – Page: Online : 4-Jun-20

The business community and union movement must come together and reach an equitable solution about how to handle the implications of the decision in the interests of a healthy Australian jobs market. The biggest direct impact is that businesses will be deterred from hiring casual employees. Businesses mentioned ‘double-dipping’ and that ‘casual workers already get a 25% loading for sick pay and annual leave’. In addition as many as 123,000 businesses say they will be ‘forced to close’. The reluctance to hire casual employees is a troubling development in an economy which has experienced over a million job losses due to the COVID-19 pandemic. Prime Minister Scott Morrison has flagged working with unions and businesses to re-boot the Australian economy after the pandemic, but the impetus must be driven by business and union leaders to succeed.

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ROY MORGAN LIMITED,AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

794,000 businesses affected by casual employee ruling

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Original article by Roy Morgan
Market Research Update – Page: Online : 3-Jun-20

A special Roy Morgan SMS survey of 881 Australian businesses shows that 34.5% are set to be affected by the Federal Court’s ruling on the entitlements of casual employees. Most worryingly, as many as 123,000 (5.5%) businesses say they will be ‘forced to close’ because of the ruling. A majority of small businesses (54.5%) with 5-19 employees and medium businesses (54.5%) with 20-199 employees say they will be affected by the ruling in some way. Over a third of large businesses (36%) with 200+ employees and just under a third of micro businesses (32%) with 1-5 employees say they will be affected by the ruling in some way. Roy Morgan CEO Michele Levine said the Federal Court’s ruling on casual employees has the potential to have a significant impact on hundreds of thousands of Australian businesses.

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ROY MORGAN LIMITED, FEDERAL COURT OF AUSTRALIA

In April Business Confidence plunged to record low of 76.9 but starting to improve

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Original article by Roy Morgan
Market Research Update – Page: Online : 11-May-20

In April 2020 Roy Morgan Business Confidence was down 18.2pts (-19.1%) to 76.9 – plunging to a second consecutive record monthly low. Michele Levine, CEO of Roy Morgan, says "Business Confidence in April continued in a steep negative direction following when it began plunging in late March. The large drop followed the introduction of strict social distancing and self-isolation directives from the Federal and State Governments that persisted throughout the month of April. The good news is that Business Confidence bottomed in the first half of the month and has since improved. For the first half of April Business Confidence averaged only 69.3, similar to its rating for late March of 71.4. Since this low-point the index has improved and averaged 82.0 during the second half of April as Australia ‘flattened the curve’ of new COVID-19 infections."

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ROY MORGAN LIMITED

Business Confidence hits a record low of 95.1 in March – declines accelerated throughout the month

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Original article by Roy Morgan
Market Research Update – Page: Online : 7-Apr-20

In Australia, Business Confidence fell 9.5pts (-9.1%) to a new record low of 95.1 in March 2020, according to the latest Roy Morgan Business Single Source survey; this is more than 4pts below the previous bottom of 99.8 the decade-old index hit in July 2011. Business Confidence is now 11.6pts lower than it was year ago, and 19.8pts below the long-term average of 114.9. Analysing Business Confidence by dividing March into fortnights reveals a tale of two distinct halves. In the first two weeks of the month the index continued its recovery from the summer bushfires and averaged 107.5, an increase of 2.9pts from February. However, this recovery was halted in mid-March, with the index averaging only 71.4 over the last half of the month. It plunged day-by-day through to the end of March as the COVID-19 coronavirus pandemic hit Australia and prompted increasing government restrictions to stop the spread of the virus. The latest Roy Morgan Business Confidence results for March are based on 885 detailed interviews with a cross-section of Australian businesses from each State and Territory.

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ROY MORGAN LIMITED

A majority of Australian businesses say we’re in recession

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Original article by Roy Morgan
Market Research Update – Page: Online : 18-Mar-20

A majority of 56% of Australian businesses say Australia is in its first ‘recession’ in nearly three decades, according to a special Roy Morgan Snap SMS Survey of 621 Australian businesses. Analysing by States shows over two-thirds (68%) of Queensland businesses say Australia is now in a ‘recession’ – higher than any other State. A majority of businesses in New South Wales (56%) and a slight majority in Victoria (51%) also agree that Australia is now in a ‘recession’. Although a small sample, Tasmanian businesses are more likely than those in any of the three larger States to say Australia is in a ‘recession’. In contrast a slim majority of businesses in both Western Australia (53%) and South Australia (52%) say Australia is ‘not’ in a ‘recession’.

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ROY MORGAN LIMITED

Economy in recession fear businesses

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Original article by Adam Creighton
The Australian – Page: Online : 18-Mar-20

Businesses across the nation have declared the economy in recession for the first time in almost 30 years, as the death toll from the deadly coronavirus reaches five and infections soar above 450. Almost 60 per cent of more than 600 Australian businesses surveyed by Roy Morgan said the economy was in "recession" already, including almost 70 per cent in Queensland – more than any other state – whose tourism sector is expected to be hit especially hard by the collapse of international travel. "Some industries have been hit harder than others but majorities of businesses in most industries agree Australia is in a ‘recession’ including Manufacturing, Construction, Wholesale trade, Accommodation & Food services and Education & Training," said Roy Morgan chief executive Michelle Levine. "Although it’s obvious Australia is already in a ‘recession’ there are only a few things that can save Australia from experiencing a full-blown ‘depression’ which is recognised as a fall in GDP of at least 10 per cent," she added. The last recession in Australia in the early 1990s saw the jobless rate surge from 6.6 per cent to 9.5 per cent in the 12 months to 1991.

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ROY MORGAN LIMITED