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42% of SMEs in Victoria anticipate declining revenue over the next 4 weeks

August 12, 2020 Industry News 0

The Wave 14 results for the COVID-19 Weekly Business Sentiment Tracker published by ACA Research in partnership with TEG Insights has been released.  

Some of the highlights this week are:

  • 71% of SMEs now reporting a decline in revenue due to the pandemic.
  • 42% of businesses located in Victoria anticipating declining revenues over the next 4 weeks.
  • Only 34% expect revenues to return to pre-COVID levels in 2020.
  • 73% are now concerned about business survival, the highest level reported.

Please click on this link for the summary blog or  click on this link to access the full report including subgroup analysis by industry sector, size of business and State. 

Please note the data is from the week ending 2nd August 2020.

Author: James Organ, ACA Research

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