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The latest ACIL Tasman-ACCI Survey of Investor Confidence shows the Australian economy remains in a robust condition but also shows some signs of softening.

Confidence in national economic conditions

remains high and the indicator improved for the eighth consecutive quarter, again setting a new record level.

The data within own firms showed sales and profitability remain sound, but there was a small easing from the very high levels recorded last quarter. The easing of sales and profitability suggests conditions, while still good, may not expand to the extent they were. Importantly, the survey reveals the availability of suitably qualified employees was the single most significant constraint.

Mr Peter Hendy, Chief Executive, Australian Chamber of Commerce and Industry, commented:




“The January survey is one of optimism and buoyancy but continues to show some trends emerging in the labour market that should be watched. Skills shortages continue to be evident but despite this, firms are still looking towards expanding the levels of employment. The data on sales and profits

within own firms remain firmly within positive territory and investment looks steady. The main issue now for policy makers is improving labour market outcomes.”

Mr Nick Morris, Chief Executive of ACIL Tasman Consulting, commented:


“There is nothing like having more than a year without an increase in interest rates to keep an economy growing at such a startling pace. It is true there are some scattered signs conditions may be slowing. But looking at all of the survey results taken together, the evidence is that the Australian economy should continue to expand strongly and for some time to come. When finding qualified employees is the largest worry business has, then you know things are going well.”

Source: ACIL Tasman-ACCI Media release