IBISWorld's analysts constantly monitor the industry impacts of current events in real-time – here is an update of how this industry is likely to be impacted as a result of the global COVID-19 pandemic:
error_outlineIndustry demand is expected to be minimally affected by the ongoing COVID-19 virus pandemic, due to the essential nature of industry services.
error_outlineA decline in thermal coal prices due to reduced demand from Chinese manufacturers is expected to reduce the domestic electricity service price, contributing to a fall in revenue for electricity generators, and retailers. For more information, see the Current Performance granule.
error_outlineThe decline in the domestic price of black coal and natural gas are expected to reduce industry purchase costs, contributing to a rise in profitability in the current year. For more information, see the Cost Structure Benchmarks granule.
Note: The content in this report is currently being updated to reflect the trends outlined above.