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Economic data on coronavirus

The spread of COVID-19 has already disrupted the economy in China and beyond. This page collects together ICAEW insights and externally-produced resources giving economic indicators and analysis on the financial impact of the coronavirus.

ICAEW insights

After the outbreak: look to the future

26-05-2020

27 May 2020: In the wake of a new report predicting a 10% slump in global GDP, ICAEW has called for governments and businesses to take a new approach to rebuilding rather than returning to a pre-crisis state.

British CFO sentiment hits record low

11-05-2020

12 May 2020: Business confidence has plunged to a new quarterly low, trumping the trough reached at the peak of the 2008 financial crisis, according to the latest Deloitte CFO survey.

Chart of the week: US deficit

07-05-2020

7 May 2020: Public finances around the world are being severely affected by the coronavirus pandemic, with the United States being no exception.

Chart of the week - UK gilt issues

30-04-2020

1 May: The unsung heroes at the Debt Management Office (DMO) have swung into action as the UK Government has started to burn through cash at an astonishing rate, as illustrated by the #icaewchartoftheweek.

Post-COVID-19 economics: what will be the new normal?

28-04-2020

29 April 2020: as we enter a second month of lockdown, attention is now turning to what the future economic landscape will look like. To discuss this and more, Professor Trevor Williams will join ICAEW for a one-off webinar.

Chart of the month: electricity usage

23-04-2020

24 April 2020: dramatic decline in electricity usage confirms the scale of the economic downturn and the impact that will have on tax receipts.

Chart of the week: deficit and debt

16-04-2020

17 April 2020: The #icaewchartoftheweek is on the ‘coronavirus reference scenario’ put together by the Office for Budget Responsibility (OBR).

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External resources

Eurostat COVID-19: Economy

European Commission 21-05-2020

Hub produced by Eurostat collecting together statistics on the economic impact of the coronavirus pandemic across Europe. It includes the latest releases, analysis, data visualisations and data sets tracking key indicators.

UK April PMI signals economic collapse amid virus lockdown

IHS Markit 06-05-2020

Data from IHS Markit PMI surveys show a steep decline in business activity across all UK industry sectors, with record drops in output and demand in manufacturing, services and construction. Job losses were also at a record peak as firms try to reduce costs in the face of falling revenues. However, there are signs of tentative optimism for future expectations.

COVID-19 UK Economic Update

PwC 06-05-2020

Weekly briefing from PwC presenting key economic data plus illustrative scenarios and analysis of the impact on industry sectors.

Spring 2020 Economic Forecast: A deep and uneven recession, an uncertain recovery

European Commission 06-05-2020

Quarterly forecast produced by the European Commission outlining projections for the region's economy. The report states that the coronavirus pandemic represents a major shock for the global and EU economies, with very severe socio-economic consequences. The EU economy is forecast to contract by 7.5% in 2020.

COVID-19 webinars: Updates and practical steps

Deloitte 26-03-2020

A series of weekly webinars hosted by Deloitte's Chief Economist discussing the impacts of COVID-19 on the UK and global economy, challenges faced by organisations, how businesses are responding and government initiatives.

Covid-19: SME Policy Responses

OECD 23-03-2020

Detailed briefing examining the likely impact of the coronavirus epidemic on SMEs alongside an inventory of country responses to foster SME resilience. The paper brings together data on disruption to firms and the impact on revenue, sales, employment costs, demand, supply chains, and other areas from industry surveys across OECD countries.

Caixin China manufacturing PMI falls to survey low on coronavirus countermeasures

IHS Markit 02-03-2020

Caixin Purchasing Managers' Index (PMI) data for February 2020 shows a severe impact on China's manufacturing sector and intense pressure on supply chains resulting from the outbreak of COVID-19. However, the situation is expected to improve through March once coronavirus-related restrictions are lifted and manufacturers resume work.

UK manufacturing expands at fastest pace since April 2019, but supply-chain disruptions grow

IHS Markit 02-03-2020

The UK Manufacturing Purchasing Managers' Index (PMI) for March 2020 sees rapidly emerging disruption to supply chains due to the outbreak of COVID-19. Responses from purchasing managers indicate that companies have depleted Brexit safety stocks and that delays in the delivery of inputs have led to increased pressure on inventories, with stocks of purchases falling at the fastest rate in over seven years.

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