The coronavirus impact on distributor revenues continued to show signs of improvement, according to Indian River Consulting Group’s weekly Pandemic Revenue Index for the work week of May 25-29.
The index indicated a 0.3% increase compared with the same week a year ago, up significantly from an 11.4% drop in the prior week. The sample size for the week of May 25-29 was 10 firms, the same as last week.
The small increase comes after 10 weeks of sales declines, including nine weeks of double-digit declines. Memorial Day fell in the same week last year, so the comparison is between two short business weeks.
“The growth was not localized as the participants hail from the West Coast, Mid-Atlantic, Midwest and Southwest regions,” said Mike Emerson, IRCG Partner.
IRCG’s distributor Pandemic Revenue Index gives distributors a weekly quantified view into how other distributors in the industry are faring with respect to revenue declines as the global COVID-19 pandemic progresses.