Some of the highlights this week are:
- 78% of SMEs now reporting a decline in revenue due to the pandemic. Highest level reported since the research commenced in early April.
- 46% of businesses located in Victoria anticipating declining revenues over the next 4 weeks.
- Only 29% expect revenues to return to pre-COVID levels by October, compared to 53% in early June.
- 72% are now concerned about business survival, up from 62% two weeks earlier.
Please note the data is from the week ending 19th July.
Author: James Organ, ACA Research