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PTI PACIFIC BUSINESS MONITOR
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PTI PACIFIC BUSINESS MONITOR
The results have been published in Pacific Trade Invest (PTI) Pacific Business Monitor Report. This report accumulates the result of regular surveys conducted by PTI’s global network, which aim to understand the ongoing effects of COVID-19 on the Pacific’s private sector.
Key insights from the PTI Pacific Business Monitor Report January Survey 10 include:
»The extent and severity of COVID-19 on Pacific businesses has improved, with 84% reporting a negative impact, which is the lowest since tracking began (down from 89% last wave).
» 86% of businesses reported a decline in revenue due to COVID-19, which is the lowest since tracking began (down from 89% last wave).
» 75% are confident that their business will survive the COVID-19 crisis (down from 78% last wave)
» The negative toll on mental health has remained stable, with 17% reporting a negative impact on their mental health
The top three challenges as a result of COVID-19 remain:
» Not knowing how long the crisis will last (90%)
» Impact of closed international borders (88%)
» Poor cashflow (86%)
The top four initiatives businesses need assistance with are:
» Financial support (61%)
» Review financial position (40%)
» Diversify business (30%)
» Access to new markets (30%)
Pacific Business Monitor Survey 10
Download the full PTI Pacific Business Monitor Report 10 to understand how COVID-19 is impacting businesses in the Pacific.
Fiji Focus - PTI Pacific Business Monitor Survey 10
Download the PTI Pacific Business Monitor Report 10 - Fiji Focus to understand how COVID-19 is impacting businesses in Fiji and the Pacific.
Niue Focus - PTI Pacific Business Monitor Survey 10
Download the PTI Pacific Business Monitor Report 10 - Niue Focus to understand how COVID-19 is impacting businesses in Niue and the Pacific.
Cook Islands Focus - PTI Pacific Business Monitor Survey 10
Download the PTI Pacific Business Monitor Report 10 - Cook Islands Focus to understand how COVID-19 is impacting businesses in the Cook Islands and the Pacific.
