Cortera, in partnership with Moody’s Analytics, recently launched the COVID-19 Economic Impact Tracker (CEIT). The tool provides a breakdown of purchasing data from thousands of companies in various sectors of the U.S economy. Every week, our editors will sit down with Jim Swift, the founder and CEO of Cortera to discuss the tracker’s latest data and what they mean to purchasing trends throughout the industrial marketplace.
Data from a new economic tracker shows a combination of huge spending drops, as well as sectors within U.S. manufacturing that are actually spending more despite COVID-19.
Disastrous April purchasing numbers, but some markets could bounce back sooner than others.
Despite widespread purchasing declines throughout manufacturing, bright spots persist.