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Businesses feeling full impact of COVID-19: 74% reporting a decline in revenue

May 4, 2020 Industry News, Opinion 0

Research published by ACA Research in partnership with TEG Insights reports the number of small to medium Australian businesses that the number of small and medium Australian businesses that have experienced a decline in revenue has jumped from 65% to 74% this week. The Hospitality and Retail sectors continue to be the hardest hit, but companies involved in Construction and Manufacturing are turning the corner.  

See the full research outcomes in the COVID-19 weekly tracker here.

Author: James Organ, ACA Research

Photo by Ussama Azam on Unsplash
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