Biotech Productivity Outstrips Industrials In Race To Beat Pandemic
The charge to produce vaccines and treatments for the Covid-19 outbreak is reflected in the relative strength of productivity across biotechnology research and production facilities, compared with its wider industrial peers.
On the 26th January, Biotech came within -9.2% of year-on-year levels – averaging 83.2pts for the month of January. By contrast, on Jan 23rd Huq’s European industrial average fell 41.5pts behind year-on-year levels, averaging 71.8pts for so far this year. This shows that workplace presence for Biotech employees – a leading indicator for productivity – is tracking 11.4pts higher than its peer industries in 2021.
Whereas figures for major economic sectors such as automotive, defence and food are plateauing, stuck in the quagmire of the Covid crisis, biotech is powering on. High frequency data produced by Huq Industries shows resurgent productivity across the biotech industry as the world mobilises to produce protections and treatments for those in the firing line of the virus.
It also reflects increased government urgency in these areas, exacerbated by the growing gap between the effectiveness of different vaccination and treatment regimes. Continental Europe in particular has been stung by criticism caused by delays in its vaccination programme and is seeking to catch up with other areas such as the US and the UK.
Huq Industries publishes high-frequency economic data across a range of themes derived from its first-party geo-mobility data. Our first-party, verified and compliant data supports a broad range of applications in financial services, real-estate, and public sector and CPG. Whichever research themes you are following, Huq offers a fast and reliable means to measure business and societal trends with confidence.
Related Stories
Freedom in the Air: Park Visits Peak Past Pre-Covid Levels
Visits to England’s parks and gardens have surged past pre-Covid levels in recent weeks as warmer weather coaxes people out for walks.
In-store Grocery Shopping Level at 50pts Amid Online Boom
In-person visits to UK supermarkets during the second national lockdown has been consistently lower than in May with high-frequency data suggesting that the shift towards online grocery shopping is…
City Centre Visits Jump 10% Following 22 Feb Roadmap Announcement
The number of people visiting city centres jumped by 10% following Boris’ roadmap announcements on 22 February, suggesting that light at the end of the tunnel and more confidence in the vaccine…
Visit Duration During Covid-19 Across the Urban Hierarchy and Income Scale
In this analysis we use our mobile geo-location data to explore how dwell time - the duration of visitors to high-streets and town centres - has changed in the past 14 months and contrast those…
European Non-Essential Retail Footfall in Decline as Pandemic Third Wave Looms
Footfall across Europe’s clothing, hospitality and leisure industries has fallen by almost a third so far in February amid a broader consumer sector decline as the continent faces a new wave of the…
European Defence Industry Fighting Back From Pandemic Low
The European defence industry is making a strong recovery from the effects of the pandemic as worker activity reaches its highest level since the outbreak began.
Chesterfield, Derbyshire: The Impact of Covid-19 on Town Catchments
Huq's high-frequency measure of footfall in the urban environment offers a precise, detailed measure of mobility trends within high-streets and urban areas - and can also be used to accurately model…
Freight Transits At UK Ports Recover to Pre-Brexit Levels
Transits through British ports have climbed back to pre-Brexit levels and delays are showing signs of creeping down.
Normal EU In-Store Clothing Retail at UK Pre-Christmas Peak Levels
Footfall across British clothes shops has been lower than the rest of Europe for the entire pandemic as tough lockdown measures push customers to online retailers.
