ABS: Business Indicators, Business Impacts of COVID-19, May 2020

COVID-19 has forced 70 per cent of Australian businesses to change how they operate, according to results from the fourth Australian Bureau of Statistics (ABS) survey on Business Impacts of COVID-19.

ABS Head of Industry Statistics John Shepherd said that the survey also showed that seven in ten businesses (72%) had a decrease in revenue as a result of COVID-19.

The survey also found that almost three quarters of businesses accessed support measures as a result of COVID-19. This included accessing wage subsidies (55%) and other government support measures (38%).

Looking ahead, government restrictions are expected to continue to have an effect, with businesses reporting they expect some level of impact from social distancing measures (71%), restrictions on trading (63%) and travel restrictions (50%) in the next two months.

The survey results can be viewed on the ABS website here.

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