The Wave 12 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:
- 81% now believe the JobKeeper stimulus should be extended.
- 48% likely to reduce employee numbers if payments are not extended.
- Only 40% expect revenues to return to pre-COVID levels by October.
- 80% would support the introduction of bankruptcy protection until conditions recover.
“Concern about business survival is on the rise, as is the level of anxiety associated with the lack of clarity regarding stimulus and support beyond September. The impending Federal Government announcements later in July will be critical in providing the SME community a level of reassurance required to endure this ongoing battle for survival.”
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 5th July (during spike in VIC, but before lockdown).
Author: James Organ, ACA Research
