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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 February Survey 11 include:
» The extent and severity of COVID-19 on Pacific businesses has improved, with 79% reporting a negative impact, which is the lowest since tracking began (down from 86% last wave)
» 81% of businesses reported a decline in revenue due to COVID-19, which is the lowest since tracking began (down from 86% last wave)
» 68% are confident that their business will survive the COVID-19 crisis (down from 75% last wave)
» The negative toll on mental health has decreased slightly, with 54% reporting a negative impact on their mental health, which is the lowest since tracking began
The top three challenges as a result of COVID-19 remain:
» Not knowing how long the crisis will last (82%)
» Poor cashflow (82%)
» Impact of closed international borders (77%)
The top four initiatives businesses need assistance with are:
Financial support (65%)
» Review financial position (45%)
» Diversify business (31%)
» Improve online-commerce capabilities (28%)
Pacific Business Monitor Survey 11
Download the full PTI Pacific Business Monitor Report 11 to understand how COVID-19 is impacting businesses in the Pacific.
Tuvalu Focus - PTI Pacific Business Monitor Survey 11
Download the PTI Pacific Business Monitor Report 11 - Tuvalu Focus to understand how COVID-19 is impacting businesses in Tuvalu and the Pacific.
Niue Focus - PTI Pacific Business Monitor Survey 11
Download the PTI Pacific Business Monitor Report 11 - Niue Focus to understand how COVID-19 is impacting businesses in Niue and the Pacific.
