The 2020 Mid-Year Economic Update_long

IRCG Weekly Pandemic Revenue Index Shows a 14.9% Decline

The index shows eight weeks of double-digit average declines and five consecutive weeks with declines in the mid-teens.

This week’s Pandemic Index from Indian River Consulting Group shows a sales decline over the same week in 2019 of 14.9%. The sample size for the week of May 11-15 is 10 firms, which is the same as last week. The index shows eight weeks of double-digit average declines and five consecutive weeks with declines in the mid-teens.

\"IRCG

Source: IRCG.com

The stability in the average sales change is also present within the sample as participating companies are not displaying much volatility. Those that generally have the larger declines continue to have the larger declines and those that have been almost flat are continuing on that trajectory.  

The largest decline this week was 38% while two companies squeaked out an increase of 1% over prior year. In looking for patterns in the data, the only one that emerges is that distributors where projects (infrastructure, multi-month construction) make up a material part of their business appear to be suffering the least as of now.   

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