Coronavirus ‘makes 2008 financial crisis look like a walk in the park – and it wasn’t’

BREAKING: The PMI index has fallen to a record low of 12.9, compared to 36.0 in March.@EdConwaySky explains what this means for the UK's economy.

Read more: https://t.co/88ZO6bPrOJ pic.twitter.com/26RnTDleHH

— SkyNews (@SkyNews) April 23, 2020

The Eurozone has been similarly affected:

April 'flash' #PMI data for the eurozone highlighted an unprecedented collapse in business activity amid #COVID-19 lockdown measures. The Composite Output Index fell to a survey record low of 13.5 (29.7 in March).
Read more: https://t.co/7seXKFDeoJ pic.twitter.com/ATRkfEchjS

— IHS Markit PMI™ (@IHSMarkitPMI) April 23, 2020

Meanwhile, "32 construction companies fell into administration in March", with more likely to follow:

More construction administrations to come as the financial effects of Covid-19 begin to show. @NobleFrancis says we should expect a big jump in May/June as companies begin to feel the strain - particularly SMEs who are finding it difficult to access gov support https://t.co/YLKUisdT1T

— Megan Kelly CN (@CN_Megan) April 21, 2020