Staffing levels at industrial facilities across Europe have fallen significantly with much of the continent in the midst of lockdown, with worker presence in some sectors dropping to levels beneath April. The second wave has brought steepest declines to Aerospace, Chemical and Food producers. Worker presence across Automotive and Defence manufacturers has also declined, although less than across other sectors. The impact this will have on productivity and output through Q4 2020 remains to be seen, but in any eventuality this outcome demonstrates the significance of these new restrictions for employers across the region.
The Huq Index measures the presence of workers across 760+ industrial production facilities in 27 European countries, and indexes the daily value to the mean for the month of January 2020. The Index constituents incorporate the largest five producers by market capitalisation for the six biggest manufacturing industries in the region.
To learn more about the data behind this article and what Huq has to offer, visit https://huq.io/.
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