The 2020 Mid-Year Economic Update_long

IRCG Weekly Pandemic Revenue Index Up 0.5%

Indian River Consulting Group’s weekly PRI notches its second increase in the last three weeks and the first mid-month sales increase since March.
IRCG Pandemic Revenue Index August 09-14 2020

Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of Aug. 9 to Aug. 14 indicated a 0.5% increase compared with the same week a year ago.

IRCG’s distributor Pandemic Revenue Index gives distributors a weekly quantified view into how other distributors in the industry are faring as the global COVID-19 pandemic progresses.

As was the case last week, half of the index participants saw a sales gain versus the same week in 2019. The sales declines ranged from 9.8% to 20% while the increases ranged from 2% to 39.7%. Over the last four weeks, only two companies have seen increases each week versus last year and the same number have seen four consecutive weeks of declines. Size, geography or industry do not appear to have an effect on the reported sales performance.

“The latest numbers represent sales growth in two of the last three weeks and the first mid-month sales increase since March (previous sales increases all corresponded with the last week of a month),” said Mike Emerson, IRCG Partner.

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