We conduct regular surveys to check the pulse of Australian businesses and inform our policy positions. Our surveys are intended to inform businesses, policy makers and the community on the condition of industry. They are frequently cited in the media and considered by the Reserve Bank of Australia.
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.