5676.0.55.003 - Business Indicators, Business Impacts of COVID-19, May 2020  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 28/05/2020   
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Business impacts visual summary

    Business impacts of COVID-19 include differences in revenue, sources of additional funding or support, and changes in operating conditions.
    • 72% of businesses had less income as a result of COVID-19. For 7% of businesses revenue has increased, and for 22% revenue has stayed the same.
    • 1 in 10 businesses sought additional funds. 57% of those borrowed from banks or financial institutions, 26% sourced from a personal line of credit or savings and 21% sourced funds from other businesses.
    • 74% of businesses actively trading changed how they operate. 27% of businesses with 0 to 19 employees are operating as normal, while 73% are operating with modifications. 18% of businesses with 20 to 199 employees are operating as normal, while 82% are operating with modifications. 13% of businesses with 200+ employees are operating as normal, while 87% are operating with modifications.
    • 73% of businesses accessed support measures. This includes wage subsidies (accessed by 55% of businesses), renegotiated rent or lease arrangements (accessed by 19%) and deferred loan payments (accessed by 16%).
    • Social distancing restrictions are expected to impact 71% percent of businesses over the next two months. Trading restrictions are expected to impact 63% and travel restrictions 50%.