The Welsh economy is losing £79m in output per day due to the Covid-19 pandemic.
The 海角视频 Powerhouse prepared by Irwin Mitchell and the Centre for Economic and Business Research (Cebr) shows Welsh GVA (gross value added) has been reduced by 37% during the current crisis.
Prior to the pandemic GVA per day in Wales was £216.7m, but has fallen to £137.5m.
With 14% of Welsh GVA attributed to manufacturing, lockdown restrictions have seen the sector face the largest loss in GVA at £22m a day.
The report shows the impact of lockdown has been compounded by Wales having fewer‘high skilled’ service roles, with just 6.3% of all GVA generated in from financial and insurance activities.
Such service roles find it easiest to work remotely, and a lower concentration of such occupations implies a larger overall GVA loss.
The high concentration of manufacturing firms and a large service sector has also meant fewer parts of the workforce are able to work from home and this, coupled with falls in consumer spending has made the lockdown a difficult period for the Welsh economy.
The report says: "While home working has shielded the economy in some regions, only 3.5% in Wales had worked from home prior to the lockdown.
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"This meant Wales and parts of the 海角视频 unfamiliar with home working were at a disadvantage when entering the lockdown, in terms of both the experience and preparedness for conducting business from their residence."
The only sectors to have seen growth, is information and communication, at £300,000 and human health and social work activities up £500,000.
Unchanged are water supply, sewerage, waste management and remediation activities, as well as public administration and defence.