Businesses Report Increase In Monthly Revenue: ABS

November 22, 2020 12:29 AM AEDT
Team Kalkine

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According to the latest report by Australian Bureau of Statistics, about 24% of the businesses marked gains in their monthly revenue in the month of November as compared to the 16% in October.

The ABS released a few statistics on 20 November that suggested that one in every five businesses indicated that they have plans of capital expenditure in next three months.

Head of Industry Statistics in ABS, John Shepherd elaborated that latest business impressions of COVID-19 survey displayed signs of growing confidence among businesses.

He said that the most common factor influencing the capital expenditure plans as reported by the businesses was future economic uncertainty.

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