Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of Oct. 26 to Oct. 30 indicated a 0.4% decrease compared with the same week a year ago. Of the 13 firms, seven respondents reported increases ranging from 1% to 27%. The range of decreases ranged from 1% to 25% for the remaining six respondents.
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.
“It’s interesting to note how the PRI has tracked with federal GDP data,” said Mike Emerson, IRCG Partner. “GDP decreased 9% in the second quarter compared with the same quarter in 2019 per the Bureau of Economic Analysis (BEA) while the PRI averaged a decrease of 10.6%. In the third quarter, GDP was reported to decrease 2.9% while the PRI averaged an increase in 0.1%.”
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