Victorian Firms Gloomy on Profit Outlook

Victorian Firms Gloomy on Profit Outlook
A general view of inside The Old Clare Hotel in Chippendale photographed through a window on May 03, 2020 in Sydney, Australia. Ryan Pierse/Getty Images
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Victorian businesses were already pretty pessimistic heading into the harsh stage four lockdown, with more than half predicting a decrease in profitability over the next three months.

The August Sensis Business Index survey, conducted just as Melbourne went into lockdown, showed 54 percent expecting profitability to decrease.