October 3, 2020
In
Business, Business Events
Innovation α Index Q3: Global COVID-19 pandemic disruptions take a toll on the power of new innovations to drive market value
The Conference Board reports: Strongest-performing sectors in Q3 benefited from spending on existing products and services, rather than new and innovative market offerings, reports The Conference Board
- In both the U.S. and Global Innovation α Indexes, Technology Services sees the largest increase in its index weight for Q4 2020 among all sectors
- Heading into Q4, the Technology Services, Health Technology, and Electronic Technology sectors together account for nearly 50% of the Innovation α Global Index, and more than 50% of the U.S. index
- In the U.S., innovative companies in Retail Trade, Producer Manufacturing, Process Industries, Health Technology, Electronic Technology, and Consumer Non-Durables produced the largest Q3 market returns
- In Q3, the market performance of Energy Minerals, Distribution Services, and Communications lagged other sectors in the U.S.
- In the global index, Health Technology and Technology Services underperformed in Q3–in contrast to the U.S.
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