The European channel has logged its best-ever month of growth since the COVID-19 crisis began, according to market watcher Context.
The channel analyst firm, which tracks sales through distribution on a weekly basis, claims that June was the strongest month for the European channel since the COVID-19 crisis began.
Sales through distribution in June grew by 14 per cent compared with the same month last year with Italy (38 per cent), Spain (19 per cent), Poland (38 per cent), Germany (17 per cent) and France (15 per cent) logging the highest sales improvement in Europe.
The UK meanwhile logged a more modest six per cent revenue growth during the month, Context claims, with Russia the only country to report a decline at five per cent.
On a quarterly basis, sales through distribution were 7.3 per cent higher year on year in Q2, claims Context.
The market watcher also claims that the week ending 5 July was the channel's best yet, generating sales of €1.84bn during the seven-day period. So-called "volume" sales grew by 15.4 per cent, while "value" sales fell by 7.5 per cent.
"The European IT channel has closed Q2 2020 on a high and from next week we will begin tracking a second phase of the pandemic with a new index, and a focus on how well businesses can sustain volume and value growth," said CONTEXT global managing director, Adam Simon.
"Although the channel is moving into another phase of uncertainty, CONTEXT will continue detailed weekly updates to help business leaders make the right decisions at a time of rapid change."
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