Pacific Business Monitor

Rise In E-Commerce Engagement: Survey

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

Since tracking began in May 2020, between 12 and 29 percent of respondents have consistently reported their business as having pivoted to sell or do more online in response to the impact of COVID-19.

This month’s survey saw that to increase to 35 percent; the highest level since tracking began.

Economic recovery ongoing

The 15 Pacific Trade Invest (PTI) Pacific Business Monitor reports that sentiments among the Pacific business decision-makers remain critical and expected timelines for economic recovery are shifting back.

The recent July survey reinforced this ongoing severity with 84 per cent of respondents reporting a negative impact

Of Pacific respondents 33 per cent were from the tourism industry, 21 per cent were from the agricultural, forestry and fishing industry and 10 per cent were from the manufacturing industry.

Optimistic trajectory in business outlook: Report

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).

Survey shows increasing optimistic outlook in Pacific businesses

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).

Majority report negative impacts on business: Survey

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.

91% of Pacific Businesses affected by COVID-19

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