2020 Q1 key findings
The 12-month freelancer business confidence index fell substantially from -23.2 to -57.3, showing that freelancers expect the deterioration of their business performance to continue over the next year.
Freelancers’ earnings have also fallen by 8.4 per cent over the first quarter of 2020.
Freelancers expect a further decrease of 20% in their day rates over the next year.
Freelancers’ spare capacity amounts to 3.3 weeks in Q1 2020, which is the second highest level of spare capacity since surveys began.