More than a third of firms see incomes drop by at least 50%, ONS figures reveal

By Tom Lowe2020-06-08T05:00:00

Latest data confirms impact on companies’ turnover from covid-19

More than one third of firms working in the construction industry have seen their turnovers drop by at least half, the latest data on the economic impact of covid-19 from the Office for National Statistics has revealed.

Figures for the two weeks to 17 May said 40% of businesses in the sector had admitted revenues had gone down by at least 50%.

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