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Biotech Leads Bounce-back with 47% Climb Post Lockdown

Source: https://huq.io/indicators/biotech-leads-bounce-back-with-47-climb-post-lockdown/

Across Europe, essential industries like Biotechnology, Defence and Chemicals have seen a gradual return to some productivity since lockdown measures have eased off while more discretionary sectors (Food, Automotive and Aerospace) remain subdued.

According to Huq’s Key Industries Indicator for Europe, which measures footfall of employees to major factories in different sectors, all industries started to gradually decrease with the outbreak of Covid-19 before a dramatic drop in production around mid-March when lockdowns were introduced.

Since policy changes have allowed more movement, a clear divergence between discretionary and essential sectors has emerged. Biotechnology has seen the biggest increase – climbing 47% – followed by Defence (44%) and Chemicals (37%). All of which remain at less than half of their pre-lockdown levels.

In discretionary sectors the data tells a different story; Food production has climbed 24% while Automotive production has risen by 21% and, with planes grounded around the world, Aerospace has unsurprisingly seen the least amount of industrial activity rising just 19%. All three of these sectors remain at less than a third of pre-lockdown levels.

To learn more about the data behind this article and what Huq has to offer, visit https://huq.io/.

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Advan

Advan provides hedge funds and institutional investors with unmatched insights into both foot and vehicle traffic to enable better investment decisions. Using precise, manual geofencing, it has the most extensive and accurate location data, available in seconds through an intuitive, self-service dashboard. Its institutional-grade analytics allow fast and actionable insights into customer behavior and corporate activity.

Advan is headquartered in New York City. For more information please visit www.advan.us