COVID19 impact on services sectors activity in Ireland, data through May 2020:
Huge adverse impact on the economy. Note precautionary purchasing effect on Retail sales in the difference between Wholesale & Retail index and Wholesale sub-index. And some recovery in May, compared to 1Q 2020. But overall, conditions are still dire. And we are not yet seeing the effects of consumer behavior changes on post-restrictions demand. That is still coming...
Forward industry view (ex-behavioral aspects) for June 2020, via Purchasing Managers Index:
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