Thursday, 6th August, 2020
The latest business survey from the Auckland Business Chamber confirms deteriorating business conditions.
When asked what business expectations were for the next six months
- 12% said improve
- 66% said deteriorate
Businesses were asked what they intend to do with their workforce
- 2% said grow
- 42% said reduce
At what level businesses were operating at compared to the pre-COVID environment
- 40% said 100%
- 30% said 75%
- 16% said 50%
Over the last few months
- 90% of businesses had reviewed their budget
- 96% of businesses had reviewed how they do business
- 80% of businesses had updated their online abilities and presence
Chamber CEO, Michael Barnett, acknowledged actions being taken by local and central government to stimulate future growth but suggested that short term solutions were critical to job creation and redevelopment.
For more information contact Michael Barnett, mobile: 0275 631 150.
Michael Barnett, Chief Executive, Auckland Business Chamber.