37% of manufacturers have stated that they do not expect trading conditions to return to normal for 6-12 months following the outbreak and eventual resolution of the coronavirus pandemic, with an additional 17% not expecting conditions to return to normal within a year.
Output levels will only be able to return to what they previously were when demand reaches the same level. Whilst retail outlets, automotive facilities and more remain closed, this demand does not exist. Irregular spending patterns caused by consumers staying at home and only shopping for essentials has also led to reduced demand.
