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COVID-19: monitoring the impact of the pandemic on enterprises
Fast and Exceptional Enterprise Survey - COVID-19
COVID-19: monitoring the impact of the pandemic on enterprises - Week from 20 to 24 April
28 April 2020

Summary

The results of the 3rd reporting week (week from 20 to 24 April 2020) confirm the developments identified in the previous two weeks.
The percentage of responding enterprises that reported decreases in turnover and persons employed effectively working remained high (80% and 59%, respectively). 39% of the enterprises reported a reduction of more than 50% in turnover and 26% reported a reduction of more than 50% in the number of persons employed effectively working.
The use of simplified layoff has increased, corresponding to the main factor for the reduction of persons employed effectively working, having been pointed out by 54% of the enterprises (52% in the previous week).
Excluding the simplified layoff, the proportion of enterprises that do not plan to use the support measures has increased in the last week, reaching proportions between 48% and 59%, depending on the measure. Among the measures considered, 13% of the enterprises already benefited from the suspension of tax and contributory obligations and 10% from the moratorium for the payment of interests and principal on existing credits.
A new characteristic has been introduced for analysis: enterprises with or without an exporting profile. By size-class, enterprises with an exporting profile are mostly medium or large enterprises (65%). In the case of enterprises without an exporting profile, smaller enterprises predominate (63% are micro or small enterprises). In enterprises with an exporting profile there were a higher proportion of enterprises in operation (88% compared to 82% in the others). The percentage of enterprises with an exporting profile that reported decreases in turnover and persons employed was slightly higher than average, but the reported reductions were relatively smaller. The use of simplified layoff was reported by 47% of these enterprises (57% in enterprises without an exporting profile).


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