Research News Live
Top stories

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

mm
About The Research Society 848 Articles
The Research Society is the peak body for research, insights and analytics professionals in Australia. It has a diverse membership of individuals at all levels of experience and seniority within agencies, consultancies, client-side organisations, the non-profit and government sectors, support services as well as institutions and the academic community. As well as over 2,000 individual members, the Research Society has 100 company and client partners, with the number continuing to grow. The Research Society research professionals and company partners commit to and are regulated by the Research Society Code of Professional Behaviour.

Related Articles

@Copyright 2020 The Research Society