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MNI BRIEF: BOE Survey Points To Possible Job Losses Ahead

LONDON (MNI)

The BOE survey of business executives, its Decision Maker Panel, highlighted the continuing heavy hit on sales and employment from Covid-19, with businesses estimating that sales would be 16% lower in Q4 than they would have been excluding Covid with the hit easing slightly to -14% in Q1 2021 and -9% in Q2. Employment was assessed to be 8% lower in Q4. The survey was carried out between Dec 4 and 18, before the latest national lockdown announcement, which suggests the hit in Q1 could be larger than assumed.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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