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New boom tipped for WA

Boom times could soon be back in WA.

 That’s the verdict from the Chamber of Commerce and Industry WA’s latest consumer confidence research, due out today.

It found West Australians are increasingly optimistic about the State’s economic prospects — with consumer confidence hitting a five-year high in the September quarter.

The only survey of its kind in WA, the research canvasses the views of Perth and country households.

Short and medium-term confidence are both at their highest level since March 2013, and it is also the first time since 2013 that more West Australians believe the economy is strengthening than those who think it is weakening.

“West Australians are seeing more job openings, they’re seeing more optimism among their friends and family and they’re slowly, but surely, more confident about the future of the WA economy,” CCI chief economist Rick Newnham said.

The survey found: Four out of five consumers expect the WA economy to improve or remain unchanged over the coming quarter, a rise of 2 per cent since last quarter. Read more…

 

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