Research News Live

SME confidence devastated by second wave of the pandemic

The Wave 13 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:

  • 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 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 19th July.

Author: James Organ, ACA Research

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