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Coronavirus and the latest indicators for the UK economy and society: 2 July 2020 (business impact)

By July 2, 2020National News

The main points from this report from the Office for National Statistics are: 

  • Daily footfall at shopping destinations saw a substantial increase on 15 June 2020, when some non-essential shops were first allowed to reopen in England. 
  • Retail park footfall has shown a stronger overall recovery than shopping centres and high streets since March, though shopping centres saw the strongest growth on 15 June. 
  • According to the latest Business Impact of Coronavirus Survey (BICS) collected 15 to 28 June, 23% of the workforce were on furlough, with 68% of those receiving wage top-ups from their employer in addition to the Coronavirus Job Retention Scheme. 
  • According to the latest Opinions and Lifestyle Survey (collected 25 to 28 June), the proportion of working adults travelling to work increased to 49%, up from 44% the previous week. 
  • Between 19 June and 26 June, job adverts across all industries remained around half of their 2019 average. 
  • The number of Energy Performance Certificates for new homes fell by 76% from March to April 2020, but has partially recovered since then, with June levels 24% below their March level. 
  • Total daily ship visits increased from 4,579 between 1 and 14 June to 5,316 visits between 15 June and 28 June, but daily visits have declined slightly in the second half of the most recent week. 
  • In the week 17 to 23 June 2020, the volumes of individual and household universal credit declarations decreased to levels similar to early March, while the volume of new claim advances was below its level immediately before the announcement on 16 March. 

You can read the full report here (opens in a new tab) 

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