Monday, June 17, 2024

Industries most impacted by COVID-19

In mid-March over 60% of Australian businesses report being affected by the COVID-19 coronavirus.

This is up from a massive 45% points from a month ago, according to Roy Morgan Snap SMS Survey of 1148 Australian businesses.

Manufacturing, wholesale, and recreation & personal industries

Multiple industries have been hit especially hard by the virus.

  • Manufacturing (78%),
  • Wholesale trade (74%),
  • Recreation & personal (83%),
  • Information media & telecommunications (75%)
  • Property & business services (74%)
  • Transport, postal & warehousing (72%) reporting being affected by COVID-19.

States that have been hit hard

At a State based level, the biggest impact from COVID-19 has been felt by South Australia (68%), New South Wales (65%) and Victoria (64%).

“The Morrison Government has already promised over $20 billion in stimulus to keep the Australian economy moving, however that figure will need to be raised many times over to truly protect the Australian economy from a devastating recession the likes of which Australia hasn’t seen this World War II,” explains Roy Morgan Chief Executive Officer Michele Levine.

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