Share of companies to see activity reduced by more than 25 percent rises to 45 percent in April

The share of economic agents that will see their activity reduced by more than 25 percent goes up from 33.3 percent in March 2020 to 45 percent in April 2020, and the shutdown rate increases from 9.8 percent in March 2020 to 13.8 percent in April 2020, according to a research conducted by the National Institute of Statistics (INS).

According to the INS, the increase is mainly explained on account of the reduction of the share of economic entities that hadn’t foreseen a reduction of the economic activity from 12.9 percent in March 2020 to 6.4 percent in April 2020 and of the share of the economic agents that estimate an activity volume reduction of up to 25 percent from 14.3 percent in March 2020 to 7.7 percent in April 2020, Agerpres reads.

The research was addressed to the managers of companies in the manufacturing, construction, retail and services industries regarding their perception regarding the evolution of the business activity they run. This was conducted between March 17-19. The sample consisting of 8,831 economic operators is representative at the level of the economic sectors and for the economy overall. The response rate was 71.3 percent.