“Closed one restaurant out of 4”

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Confcommercio: One restaurant out of 4 closed

Of the nearly 800 thousand trade and market services companies that were able to restart, 82% reopened their business, and only 73% of bars and restaurants, confirming the serious difficulties of businesses engaged in consumption outside the home. And, for almost 30% of the companies that have reopened, the risk of closing definitively remains high due to the difficult market conditions, the excess of taxes and bureaucracy, the lack of liquidity. This is what emerges from an investigation by Confcommercio, in collaboration with Swg, on the state of health of companies exactly two weeks after Phase 2.

Over half of the companies that have reopened estimate a loss of revenues ranging from 50 to over 70%. Of the nearly 800 thousand companies that raised the shutter, 94% concern clothing and footwear, 86% other activities in trade and services. Among the support measures obtained, the Confcommercio-Swg survey notes, 44% of companies benefited from indemnities, such as the 600 euro bonus, but the share of those who obtained guaranteed loans or benefited from the redundancy fund is still extremely low .

The data referring to a universe of enterprises, mainly micro-enterprises with up to 9 employees, indicate that the fact that openings grow from the first to the second week is certainly favorable, but constitutes a negative signal, instead, that 18% of the businesses that could reopen have not yet done so; this percentage rises to 27% in the bar and restaurant area.

THE reasons for the failure to reopen mainly concern the adaptation of the premises to the health safety protocols. In general, among the companies that have reopened, the management of sanitation-sanitization protocols and the reorganization of the workspaces have been carried out successfully and without particular difficulties, although in the second week some additional problems emerge compared to the previous week.

The painful notes emerge from the self-assessment of the interviewees on turnover: already in the first week the average of the ratings was well below the sufficiency. In the following week these fears are confirmed: 68% of entrepreneurs declare that the revenues of the first two weeks are lower than expected, when the expectations themselves were already quite low. The estimate of the revenue losses compared to the “normal” periods for more than 60% of the sample is greater than 50%, with an accentuation of the negative judgments in the bar and restaurant area, a segment where more losses are concentrated even up to 70%.

Only two fifths of the micro-enterprises have employees and, therefore, only this fraction would have needed the cig in derogation. In particular, the use of further loans is predictably rather rarefied. Smaller companies, having lost almost 100% of their turnover for more than 2 months, have no advantage in taking on further loans which would have to be repaid with future income, the formation of which today appears to be very uncertain.

The final evaluations are strongly negative. So far, in the exploration of the two surveys, carried out after a week, a significant oscillation of the judgments emerges between the desire to go back to doing business and rather gloomy perceptions on the trend of revenues, all seasoned by an explicit orientation of the companies aimed at smoothing out the impact of difficulties and problems.

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