--- title: "Covid-19: Hardest hit sectors revealed" id: "4168" type: "news" slug: "hardest-hit-sectors-revealed" published_at: "2020-06-08T12:49:06+00:00" modified_at: "2021-10-26T10:42:50+00:00" url: "https://www.sidetrade.com/news/hardest-hit-sectors-revealed/" markdown_url: "https://www.sidetrade.com/news/hardest-hit-sectors-revealed.md" excerpt: "The Sidetrade tracker analyses twelve business sectors and, as of 25 May, the UK sectors" taxonomy_language: - "English" taxonomy_news_topic: - "Press Articles" --- - [O2C Intelligence](/) - [[Column]](#) - [O2C AGENTS](https://www.sidetrade.com/core-platform/aimie-agent/) - [Aimie Agents](https://www.sidetrade.com/core-platform/aimie-agent/#aimie-agents) - [Customer Agents](https://www.sidetrade.com/core-platform/aimie-agent/#customer-agents) - [Agent Builder Studio](https://www.sidetrade.com/core-platform/agent-builder-studio/) - [--separator--](#) - [O2C Apps](https://www.sidetrade.com/core-platform/o2c-apps/) - [Credit Risk Expert](https://www.sidetrade.com/core-platform/o2c-apps/credit-risk-expert/) - 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[https://www.youtube.com/user/SIDETRADE92/featured](https://www.youtube.com/user/SIDETRADE92/featured) - [https://twitter.com/Sidetrade](https://twitter.com/Sidetrade) - [https://www.linkedin.com/company/sidetrade/](https://www.linkedin.com/company/sidetrade/) - [https://sidetrade-tech-hub.medium.com/](https://sidetrade-tech-hub.medium.com/) 8 June 2020# Hardest hit sectors revealed ## New data highlights the industry sectors in the UK particularly affected by the COVID-19 pandemic [Read full article on CTMfile](https://ctmfile.com/story/hardest-hit-sectors-revealed-as-german-stimulus-package-announced) [https://www.addtoany.com/add_to/twitter?linkurl=https%3A%2F%2Fwww.sidetrade.com%2Fnews%2Fhardest-hit-sectors-revealed%2F&linkname=Covid-19%3A%20Hardest%20hit%20sectors%20revealed](https://www.addtoany.com/add_to/twitter?linkurl=https%3A%2F%2Fwww.sidetrade.com%2Fnews%2Fhardest-hit-sectors-revealed%2F&linkname=Covid-19%3A%20Hardest%20hit%20sectors%20revealed) [https://www.addtoany.com/add_to/linkedin?linkurl=https%3A%2F%2Fwww.sidetrade.com%2Fnews%2Fhardest-hit-sectors-revealed%2F&linkname=Covid-19%3A%20Hardest%20hit%20sectors%20revealed](https://www.addtoany.com/add_to/linkedin?linkurl=https%3A%2F%2Fwww.sidetrade.com%2Fnews%2Fhardest-hit-sectors-revealed%2F&linkname=Covid-19%3A%20Hardest%20hit%20sectors%20revealed) [https://www.addtoany.com/add_to/email?linkurl=https%3A%2F%2Fwww.sidetrade.com%2Fnews%2Fhardest-hit-sectors-revealed%2F&linkname=Covid-19%3A%20Hardest%20hit%20sectors%20revealed](https://www.addtoany.com/add_to/email?linkurl=https%3A%2F%2Fwww.sidetrade.com%2Fnews%2Fhardest-hit-sectors-revealed%2F&linkname=Covid-19%3A%20Hardest%20hit%20sectors%20revealed) The Sidetrade tracker showed that sectors least impacted by the crisis include the food industry (19% invoices over 10 days overdue), retail (22%) and manufacturing (23%). The Sidetrade tracker analyses twelve business sectors and, as of 25 May, the UK sectors hardest hit by payment delays tied to the crisis are: - Finance, insurance, and real estate, where 76% of invoices are over 10 days overdue. - Information, communication, and technology (ICT), where 60% of invoices are over 10 days overdue. - Leisure and hospitality, where 55% of invoices are over 10 days overdue. Finance, insurance, real estate, and ICT were areas where late payment rate was already high prior to the pandemic, at 56% and 53% respectively. Evidence from the Sidetrade tracker shows a strong correlation between payment behaviour and economic activity. The latest tracker release is the first to see the effect of exit from lockdown. With 38% unpaid invoices as of 25 May 2020, the UK has seen a slight improvement in customer-supplier relations. This is the first positive effect of lockdown exit. Nonetheless, the unpaid rate remains extremely high, representing a threat for many businesses. Late payment deterioration in the UK rose more than 26%. Latest News [21 April 2026 Sidetrade Names Two Leaders to Accelerate its AI-native Transformation](https://www.sidetrade.com/news/o2c-intelligence-2030-appointments/) [14 April 2026 First Quarter Revenue for 2026](https://www.sidetrade.com/news/first-quarter-revenue-for-2026/) [10 April 2026 Sidetrade launches AI-native plan with three new products](https://itbrief.co.uk/story/sidetrade-launches-ai-native-plan-with-three-new-products) [Load more news](https://www.sidetrade.com/company/news/) [↑](#)