CEO Survey of Business Expectations for 2020


Thank you for participating in our annual survey of Australian business conditions for 2020.

Your experiences and opinions matter to industry, Governments, regulators, law-makers and policy-makers. Participating in this survey will help your voice to be heard and help us to advocate on your behalf.

This year, we are keen to hear your opinions about the current state of trade, employment, skills, investment and infrastructure.

I would be grateful if you could complete this survey by Tuesday 5 November 2019. 

We estimate this survey will take around 10 minutes of your time to complete.

As always, all responses we receive will be kept strictly confidential. Names, responses and all other details of individual participants will not be shared.

A summary of the aggregated and confidentialised results will be compiled in a report and will be available on our website in January 2020. You can also read our previous years' reports at this web page.

If you would like to receive an email notification when the survey results are released, please provide your email address at the end of the survey.

If you have any questions regarding this survey or about our research please email economics@aigroup.com.au

 

There are 27 questions in this survey.

Business details

Company name
What is the postcode of your primary business location (e.g. registered business address)?

In which industry does your business mainly operate?
Mining and/or mining services (e.g. exploration, mining engineering or mining processing)
Construction (e.g. engineering, infrastructure, commercial, residential construction or contracting)
Manufacturing (e.g. making food, beverages, chemicals, equipment, building materials, metals, textiles, furniture)
Services (e.g. retail, wholesale, transport, post, IT, media, health, education, cafes, hotels, entertainment)
Other: 

The following questions are about your business experience in 2019

What was your approximate annual turnover in 2019?
$
How many full time equivalent (FTE) people did you employ in 2019?
FTE people
By what percentage did the following factors change in your business in 2019, compared to 2018?

Please write in the % change if there was an increase or decrease, please write yes in the 'no change' field if there was no change. Leave blank if not applicable.
  Down by % No change Up by %
Annual turnover
Gross profit margin
Number of employees
Spending on staff training and development
Spending on physical capital (e.g. buildings)
Spending on research & development
Spending on new technology
Export income
Input prices
Energy prices (inputs)
Selling prices
Labour productivity (output per hour worked)
Were general business conditions in 2019 better, worse, or the same as 2018? 
Worse
No change
Better
No answer
Did you change any parts of your business model, plan or strategies in 2019 due to business conditions?
Yes
No
We don’t have a formal business model, plan or strategy
No answer

If exporting, what was the total value of exports for your business in 2019?

$
Approximately what percentage of all your inputs (by value) were imported in 2019?
%
If your business was EXPORTING in 2019 or is planning to export in 2020, at what AUD/USD exchange rate do your exports become uncompetitive with products from other countries?
US cents
If your business was competing with IMPORTS in the Australian market in 2019, or is expecting to compete against imports in 2020, at what AUD/USD exchange rate do your products become uncompetitive with imported products from other countries?
US cents

The following questions are about your expectations for your business in 2020

Does your business expect any difficulty in finding and/or retaining skilled labour in 2020?
Yes
No
Don't know / not applicable to my business
No answer
Do you expect the following factors to change in your business in 2020, compared to 2019?
  Down No change Up No answer
Annual turnover
Down
No change
Up
No answer
Gross profit margin
Down
No change
Up
No answer
Number of employees
Down
No change
Up
No answer
Spending on staff training and development
Down
No change
Up
No answer
Spending on physical capital (e.g. buildings)
Down
No change
Up
No answer
Spending on research & development
Down
No change
Up
No answer
Spending on new technology
Down
No change
Up
No answer
Export income
Down
No change
Up
No answer
Input prices
Down
No change
Up
No answer
Energy prices (inputs)
Down
No change
Up
No answer
Selling prices
Down
No change
Up
No answer
Labour productivity (output per hour worked)
Down
No change
Up
No answer
General business conditions in your sector
Down
No change
Up
No answer
What factors do you expect will inhibit your business growth in 2020? 
Lack of customer demand
High and/or variable exchange rate
Flexibility of industrial relations
Skills shortages
Government regulatory burden
Competition from imports/internet sellers
Wage pressures or high wage costs
Other
If other please specify

What type of infrastructure provision would improve your business efficiency in 2020?

Freight transport (roads, rail ports, airports)
Employee transport (roads, public transport)
Broadband and telecoms
Electricity networks or supplies
Gas networks or supplies
Waste and recycling services
Water networks or supplies
Other
If other please specify

What key growth strategies do you plan to implement in your business during 2020? 
Introduce new products / services
Improve sales of current products / services
Develop new domestic markets
Develop new overseas markets
Downsize/reduce operational costs
Increase online presence / capability
Increase advertising / marketing
Other
If other, please specify

What are your highest priorities for your business investment spending in 2020? 
Staff training and development
Physical capital (e.g. buildings)
Equipment (e.g. new machinery)
Research and development
Information and communication technologies (ICT)
New technologies other than ICT
Other
If other, please specify

What factors will influence you business investment spending decisions in 2020?
Costs of funding (e.g. borrowing costs)
Access to funding (e.g. lending criteria)
Expected rate of return (e.g. 'hurdle' rates)
Expected payback period
Expected business expansion or innovation
Expected business cost reduction
Other
If other please specify

Thank you for completing this survey, if you would like to receive a link to the report when it is released, please provide your email address