Phase 2: 82% of SMEs open again but 30% fear final closure

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PHOTOGRAPHY OF CONFCOMMERCIO

Two weeks after the reopening, 44% of the commerce and services companies benefited from the bonuses provided by the government to deal with the damage caused by the Covid emergency, such as the 600 euro bonus

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A message on a shop window in Bari on the day of the reopening of commercial activities (photo Ansa)

Two weeks after the reopening, 44% of the commerce and services companies benefited from the bonuses provided by the government to deal with the damage caused by the Covid emergency, such as the 600 euro bonus

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Two weeks after the start of Phase 2, of the nearly 800 thousand trade and service companies that were able to restart, 82% reopened the activity: 94% in clothing and footwear, 86% in other trade and service activities but only 73% of bars and restaurants. This is what emerges from a Confcommercio survey, in collaboration with SWG, which also highlights the opposite reading of the data: 18% of the companies that could have reopened have not yet done so and the percentage rises to 27% between bars and restaurants. Above all, 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 and the lack of liquidity.

For 68% of entrepreneurs, revenues are lower than expected
The painful notes, explains the association of merchants, 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%. ┬źUnfortunately, 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 “, reports Confcommercio.

50% fear that in the near future they will have to apply for a loan
If in the first week only 6% of the interviewees indicated a high probability of closing the company, in the second wave of interviews, against a more complex reasoning, 28% of the interviewees said that, in the absence of an improvement in the current business conditions, will evaluate the definitive closure of the company in the coming months. To corroborate this suggestion there are fears that in the near future you will still have to apply for a loan (50% of the sample), you will not be able to pay suppliers (40%) or to bear fixed costs (43%).

Bonus 600 euros for 44% SMEs, little cig
44% of the commerce and services companies benefited from the bonuses provided by the government to deal with the damage caused by the Covid emergency, such as the 600 euro bonus, “but the share of those who obtained secured loans or benefited from the layoffs. ” The small size of the companies, often with few or no employees except the owner, underlines the association, partly explains the scarce diffusion of the cig. In fact, only two fifths of the micro-enterprises have employees and, therefore, only this fraction would have needed the cash in derogation.

Low convenience in borrowing for smaller businesses
“Specularly – Confcommercio further highlights – the use of 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. It is logical to expect that any greater support through indemnities could also lead to a greater use of loans with a public guarantee, because the loss suffered up to now would be better compensated ┬╗.



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