Australian Businesses Report Extensive Shocks from COVID-19 in March

  • Mar 26, 2020
  • Team Kalkine

The Australian Bureau of Statistics (ABS) has released the results of the first Business Impacts of COVID-19 survey. About half of the Australian businesses surveyed (49%) had experienced an adverse impact as a result of COVID-19 during the mid-March data collection period and 86% of businesses expected to be impacted in future months.

  • Major impacts are felt in Accommodation & food services with over three quarters of businesses already reporting impacts.
  • Businesses in Professional, scientific & technical services, Electricity, gas and water supply and businesses in Mining were the least likely to have been adversely impacted.

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