Pacific Business Monitor

Since the Pacific Trade Invest (PTI) global network tracking began in May 2020, between 84 and 92 percent of respondents have consistently reported negative impacts on their business due to COVID-19. This month’s survey saw that to decrease to 79 percent.

In line with this improving outlook, the February survey reports the lowest percentages yet of perceived negative impacts on local economy (decreasing from 90 percent to 88 percent) and reported decline in revenue (decreasing from 86 percent to 81 percent).

Since tracking began in May 2020, between 84 and 92 per cent of respondents have consistently reported negative impacts on their business due to COVID-19. This month’s survey saw that to decrease to 79 per cent.

In line with this improving outlook, the February survey reports the lowest percentages yet of perceived negative impacts on local economy (decreasing from 90 per cent to 88 per cent) and reported decline in revenue (decreasing from 86 per cent to 81 per cent).

The Pacific Business Monitor is a monthly survey tracking the effects of COVID-19 on businesses in the Pacific region by the Pacific Trade Invest (PTI) global network.

Across eight months of surveying, over 85 percent of respondents have consistently reported negative impacts on their business due to COVID-19, as well as loss of revenue and perceived damage to the local economy.

Fiji has been particularly hard hit by the crisis (93% reported a significant decline in sales/revenue).