The Pulse: Lockdown bounce back, by MRA Research
With tight restrictions in place during lockdown in April, much of construction was halted apart from essential projects. Many merchants closed their branches or remained partially open, with skeleton staff and click & collect or delivery service only.
During May, as Government started to encourage construction to restart, many merchants reopened branches while adhering to new official guidelines. May’s easing boosted merchants’ sales expectations and confidence.
The Pulse, carried out by our sister division MRA Research, is a monthly tracking survey of merchants’ confidence and prospects. It usually takes place at the start of each month, but with COVID disrupting so much and causing many closures, we interviewed between the 19th and 28th May.
Because of the unusual circumstances, we added extra questions in April on the extent of sales activity to get a better picture of the market through the lockdown. These additional questions are in May’s survey too.
Download the full report here.