The latest monthly report from the Macroeconomics, Growth and History Centre (School of Economics) has revealed notable recoveries in the construction and manufacturing sectors in June, while retail remains the hardest hit sector.
The report, Firm Creation in the UK During the Covid-19 Lockdown (June 2020), uses near real-time data from Companies House on business creation in the UK to assess the effect of Covid-19 lockdown policies on economic activity.
The report’s other key findings are:
- Emerging recovery in business creation over June in line with lockdown easing
- 7,107 fewer companies registered between 23 March and 30 June than in the equivalent period last year
- Northern Ireland, Scotland and Wales harder hit and showing slower recoveries than any English region
- Wales significantly harder hit with business creation down 29%
The report’s authors are:
Dr Alfred Duncan, Lecturer in Economics
Dr Anthony Savagar, Senior Lecturer in Economics
Professor Miguel León-Ledesma, Professor of Economics
The Macroeconomics, Growth and History Centre is the focal point for macroeconomic research, events and PhD training at the University.