The Westpac–AusChamber Actual Composite improved to 42.4 in the September quarter after falling dramatically to 24.0 in the June quarter associated with the initial lock-down in response to covid. The index remains well below its pre-covid level of 56 at the end of 2019.
This survey examines the impact of social distancing and travel restrictions on businesses, and the pace in the easing these restrictions. It also seeks business’ views on which Government support measures are of greatest benefit and how prepared they are for the winding back of this support.
The Westpac–AusChamber Actual Composite index fell to 24.0 in the June quarter, to be around the historic low for the series, indicating a sharp contraction in activity in the period. That is down from 45.0 in March and compares to 52.9 in December 2019.
The results of the second ACCI survey are now available. We surveyed a broad cross-section of our membership to examine the benefit of JobKeeper, the effect of social distancing and the changes made to business operations to meet social distancing requirements.
The survey was undertaken between 30 March and 17 April and involved 1,497 businesses across all states and territories. We would like to acknowledge the assistance of our states and territories chamber associates and industry association members for their assistance in developing and distributing the survey through their membership networks.