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Street vendors, clothing, restaurants and hotels are the most affected sectors. Micro enterprises the most exposed
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There are around 270,000 commercial and service companies at risk of a definitive closure if economic conditions do not improve rapidly, with a full reopening in October. This is the estimate made by the Confcommercio Research Office on the risk of closing companies in the market services sector.
Confcommercio is “a prudential estimate that could be even higher because, in addition to the economic effects derived from the suspension of activities, the risk, very likely, of the cancellation of income due to lack of demand and the high incidence of costs fixed in total operating costs, which for some companies is close to 54%, a risk that also affects companies in sectors that are not subject to blockade. “
“Of a total of more than 2.7 million retail, wholesale and non-food service businesses, as explained in the Confcommercio Research Office report, almost 10% are subject to a possible final closure. The sectors most affected They would be street vendors, clothing stores, hotels, bars and restaurants, and businesses related to entertainment and personal care.
While, in absolute terms, the most significant losses would be registered between professions (-49 thousand activities) and catering (-45 thousand companies). As for the size of the company, the most affected segment would be that of micro-companies, with only 1 employee and no employees, for which a 10% reduction in income would be sufficient to determine the cessation of activity. “
The estimates prepared incorporate a mortality risk of companies “higher than normal”, concludes the Office of Studies, to take into account the deterioration of the economic context, the effects of the more or less prolonged suspension of activity, the highest presence of sole proprietorships. within each sector and the collapse of household consumption ».
