64% of businesses negatively affected by COVID restrictions, says ABS

Nearly two-thirds of Australian businesses are being negatively affected by COVID-19 restrictions, while 30% are experiencing supply chain disruptions.

These findings are a part of the Australian Bureau of Statistics’ (ABS) monthly Business Conditions and Sentiments report, released today.

Of the businesses surveyed by the ABS, more than half have reacted to supply chain disruptions in April. Of those, 15% chose to switch from Australian suppliers, sourcing goods from overseas instead.

CreditorWatch’s chief economist Harley Dale has commented on the findings, saying Australian businesses still have a long way to go to recover from the…