Turnover of Enterprises under Suspension of Operation due to COVID-19 pandemic, November 2020

HELLENIC REPUBLIC

HELLENIC STATISTICAL AUTHORITY

Piraeus, 15 January 2021

PRESS RELEASE

EVOLUTION OF TURNOVER OF ENTERPRISES UNDER SUSPENSION OF OPERATION

DUE TO THE PANDEMIC OF THE CORONA VIRUS DISEASE 2019 (COVID-19)

NOVEMBER 2020

The Hellenic Statistical Authority (ELSTAT) announces data on the evolution of turnover of the enterprises that were under suspension of operation in March 2020, on the basis of state order, due to the pandemic of the corona virus disease 2019 (COVID-19) (corresponding link, available only in Greek, KAD of closed enterprises).

Moreover, additional discrete data and comparative graph are announced for the enterprises that were under suspension of operation in November 2020, on the basis of state order, for the limitation of the dispersion of the corona virus (COVID-19) (corresponding links, available only in Greek, Government Gazette Β'/4899/06.11.2020and List of KAD under suspension of operation).

The current publication is a sequel of the relevant Press Releases published by ELSTAT (PR link), incorporating the most recent data on turnover from Administrative Sources for November 2020. Similar publications have been planned and are issued on a monthly basis, during the whole period in which the recording of the impact of COVID-19 on the performance of Greek enterprises that were under suspension of operation in the framework of the confinement measures remains relevant and warranted.

In addition, starting from the Press Release published in June 2020, tables and graphs presenting aggregated turnover data for all enterprises and sectors of the economy throughout the period under review have been incorporated, as a comparative basis for the assessment of the effects of COVID-19 pandemic, in terms of turnover rates of change, in total and by sector.

The purpose served by these publications is to both monitor and present the evolution of the basic economic concept of interest (turnover from Administrative Sources) for the enterprises under suspension of operation, in distinct periods ranging from the beginning of the current year, during the whole period of the implementation of the confinement measures and during the period of the gradual lifting of these measures, as well as in comparison with the corresponding months of 2019.

The published data can on the one hand highlight, which enterprises suffer more in terms of turnover decrease during the implementation period of the confinement measures and on the other hand the relative speed at which enterprises recovered upon the gradual lifting of these measures.

Moreover, on the basis of the published data, it can be concluded from the supply side, which enterprises responded - adapted faster to the lifting of the confinement measures and to the operation under the newly imposed conditions due to the pandemic. In parallel, from the demand side, useful conclusions can be drawn indirectly as regards the enterprises that were chosen in priority and more massively by the consumers (natural persons and enterprises) from the beginning of the lifting of the confinement measures, in order to satisfy their basic and other needs.

Information on methodological issues:Business Statistics Division Registers and Big Enterprises Section Head of Section: Adamantia Georgostathi Tel.: [phone]

e-mail:[e-mail]

Information on data provision:Tel.: [phone], 2308, 2310 E-mail:[e-mail]

More specifically,

Concerning the enterprises and the activities of the economy as a whole, the turnover in the third quarter 2020 amounted to 69,807,414 thousand euro, recording a decrease of 15.8% in comparison with the third quarter 2019, when the respective turnover was 82,914,982 thousand euro. The largest increase in turnover per 10.6% in the third quarter 2020 compared with the third quarter 2019 was recorded from the enterprises of the section Public Administration and Defense; Compulsory Social Security. The largest decrease in turnover per 50.4% in the third quarter 2020 compared with the third quarter 2019 was recorded from the enterprises of the section Accommodation and Food Service Activities, while the smallest decrease in turnover per 0.8% was recorded from the enterprises of Mining and Quarrying section (Table 1a).

For the enterprises of the economy as a whole, obliged to double-entry accounting bookkeeping, for which data are available on a monthly basis, the turnover in November 2020 amounted to 17,621,459 thousand euro, recording a decrease of 8.4% in comparison with November 2019, when the respective turnover was 19,231,941 thousand euro. The largest increase in turnover per 8.9% in November 2020 compared with November 2019 was recorded from the enterprises of the section Water Supply, Sewerage, Waste Management and Remediation Activities. The largest decrease in turnover per 65.1% in November 2020 compared with November 2019 was recorded from the enterprises of the section Arts, Entertainment and Recreation, while the smallest decrease in turnover per 2.5% was recorded from the enterprises of Electricity, Gas, Steam and Air Conditioning Supply (Table 1b).

From the 205,984 enterprises that were under suspension of operation in March 2020, the turnover in the third quarter 2020 amounted to 7,102,002 thousand euro, recording a decrease of 33.1% in comparison with the third quarter 2019, when the respective turnover was 10,610,210 thousand euro. The largest increase in turnover per 2.2% in the third quarter 2020 compared with the third quarter 2019 was recorded from the enterprises of the activity class Education. The largest decrease in turnover per 61.6% in the third quarter 2020 compared with the third quarter 2019 was recorded from the enterprises of the activity classes Accommodation and Motion picture, video and television programme production, sound recording and music publishing activities, while the smallest decrease in turnover per 6.5% was recorded from the enterprises of the activity class Social work activities without accommodation (Table 2a).

For the enterprises under suspension of operation in March 2020, obliged to double-entry accounting bookkeeping, for which data are available on a monthly basis, the turnover in November 2020 amounted to 676,915 thousand euro, recording a decrease of 50.7% in comparison with November 2019, when the respective turnover was 1,372,768 thousand euro. An increase in turnover per 69.6% in November 2020 compared with November 2019 was recorded from the enterprises of the activity class Sports activities and amusement and recreation activities. The largest decrease in turnover per 92.9% in November 2020 compared with November 2019 was recorded from the enterprises in the activity class Motion picture, video and television programme production, sound recording and music publishing activities, while the smallest decrease in turnover per 5.1% was recorded from the enterprises in the activity class Education (Table 2b).

In comparison with the enterprises that were under suspension of operation in March 2020, in November 2020 were additionally under suspension of operation 41 enterprises of the activity class Travel agency, tour operator and other reservation service and related activities and 737 enterprises of the activity class Human health activities. Data on the evolution of the turnover of these classes are presented in table 2c. In November 2020, in comparison to March 2020, 25,591 enterprises of the activity class Accommodation were not under suspension of operation.

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Table 1a. Turnover (in thousand €), from Administrative Sources, for the Total of Enterprises in the Greek Economy (Statistical Business Register, year 2017), per section of Economic Activity (NACE Rev. 2)

																Turnover					Rates of Change
				NUMBER OF ENTERPRISES											(%)
									(in thousand €)
																				2020/2019
	ECONOMIC ACTIVITY						Under suspension of
				Total			operation			2nd Quarter			3rd Quarter			2nd Quarter			3rd Quarter			2nd			3rd
						March			November			2019			2019			2020			2020			Quarter			Quarter
							2020			2020
	A: Agriculture, Forestry	528,632								1,513,172		1,471,603		1,461,869		1,542,994		-3.4		4.9
	and Fishing
	B: Mining and Quarrying	625								233,731		205,880		183,854		204,191		-21.3		-0.8
	C: Manufacturing	58,300								16,789,774		16,405,864		13,161,501		14,307,449		-21.6		-12.8
	D: Electricity, Gas, Steam
	and Air Conditioning	7,326								4,119,678		4,646,414		3,523,077		3,726,873		-14.5		-19.8
	Supply
	E: Water Supply, Sewerage,
	Waste Management and	1,970								512,229		465,707		412,068		489,494		-19.6		5.1
	Remediation Activities
	F: Construction	62,749								2,429,755		2,365,705		1,896,706		2,293,024		-21.9		-3.1
	G: Wholesale and Retail
	Trade; Repair of Motor	234,733		59,838		62,783		31,484,040		32,010,893		25,559,252		29,832,817		-18.8		-6.8
	Vehicles and Motorcycles
	H: Transportation and	61,152								4,301,832		4,913,025		2,581,621		3,374,799		-40.0		-31.3
	Storage
	I: Accommodation and	111,780		92,272		67,293		3,293,218		6,332,920		697,411		3,138,805		-78.8		-50.4
	Food Service Activities
	J: Information and	17,020		180		183		3,493,562		2,767,319		2,623,656		2,691,078		-24.9		-2.8
	Communication
	K: Financial and Insurance	16,717								3,431,703		3,598,030		2,042,785		1,901,422		-40.5		-47.2
	Activities
	L: Real Estate Activities	9,673								484,552		539,050		353,813		413,103		-27.0		-23.4
	M: Professional, Scientific	138,195		250		229		2,450,671		2,269,169		2,082,209		2,189,447		-15.0		-3.5
	and Technical Activities
	N: Administrative and	20,183		2,208		2,766		1,834,873		2,445,051		887,361		1,368,664		-51.6		-44.0
	Support Service Activities
	O: Public Administration
	and Defense; Compulsory	989								96,915		101,332		96,414		112,070		-0.5		10.6
	Social Security
	P: Education	20,517		18,222		16,651		142,784		122,331		102,880		125,056		-27.9		2.2
	Q: Human Health and	57,629		1,311		1,819		511,085		469,112		463,039		472,698		-9.4		0.8
	Social Work Activities
	R: Arts, Entertainment and	20,857		12,976		14,821		1,305,141		1,381,220		611,370		1,303,727		-53.2		-5.6
	Recreation
	S: Other Service Activities	37,574		18,727		18,810		326,769		363,811		232,286		300,010		-28.9		-17.5
	W: Unknown Activity									44,772						19,693
	8,749									40,546		14,759			-67.0		-51.4
	Total	1,415,370		205,984		185,355		78,800,256		82,914,982		58,987,931		69,807,414		-25.1		-15.8

Note:

Enterprises with single-entry accounting bookkeeping are obliged to submit data to tax authorities on a quarterly basis, while enterprises with double-entry accounting bookkeeping are obliged to submit data on a monthly basis. Therefore, for the total of enterprises, data are available only on a quarterly basis.

In cases where data were not available for September 2020, estimation was made on the basis of August 2020 turnover.

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Table 1b. Turnover (in thousand €), from Administrative Sources, for the Total of Enterprises in the Greek Economy (Statistical Business Register, year 2017), obliged to double-entry accounting bookkeeping, per section of Economic Activity (NACE Rev. 2)

				ECONOMIC ACTIVITY						Turnover					Rates of change (%)
									(in thousand €)
	Code						October			November			October			November			October			November
	NACE			Description
					2019			2019			2020			2020			2020/2019			2020/2019
	Rev.2
	A	Agriculture, Forestry and	211,939		211,917		224,569		227,777		6.0		7.5
	Fishing
	B	Mining and Quarrying	84,493		72,032		66,890		66,983		-20.8		-7.0
	C	Manufacturing	4,814,380		4,777,999		4,384,102		4,568,994		-8.9		-4.4
	D	Electricity, Gas, Steam and Air	1,446,637		1,319,291		1,291,247		1,286,499		-10.7		-2.5
	Conditioning Supply
			Water Supply, Sewerage,
	E	Waste Management and	170,244		153,620		160,027		167,364		-6.0		8.9
			Remediation Activities
	F	Construction	620,972		580,068		609,152		551,982		-1.9		-4.8
			Wholesale and Retail Trade;
	G	Repair of Motor Vehicles and	7,789,917		7,668,217		7,636,952		7,122,197		-2.0		-7.1
			Motorcycles
	H	Transportation and Storage	1,049,293		946,990		786,908		751,257		-25.0		-20.7
	I	Accommodation and Food	605,449		234,825		330,902		98,310		-45.3		-58.1
	Service Activities
	J	Information and	907,597		930,760		895,647		895,551		-1.3		-3.8
	Communication
	K	Financial and Insurance	752,564		595,583		730,322		542,568		-3.0		-8.9
	Activities
	L	Real Estate Activities	148,021		128,557		129,322		96,735		-12.6		-24.8
	M	Professional, Scientific and	519,027		508,089		500,442		532,625		-3.6		4.8
	Technical Activities
	N	Administrative and Support	527,422		404,591		368,722		313,545		-30.1		-22.5
	Service Activities
			Public Administration and
	O	Defense; Compulsory Social	34,160		25,618		27,860		26,716		-18.4		4.3
			Security
	P	Education	23,768		35,056		25,759		32,831		8.4		-6.3
	Q	Human Health and Social Work	152,914		157,413		174,400		150,908		14.1		-4.1
	Activities
	R	Arts, Entertainment and	437,550		436,125		447,947		152,052		2.4		-65.1
	Recreation
	S	Other Service Activities	55,321		38,745		44,091		32,873		-20.3		-15.2
	W	Unknown Activity	7,348		6,445		9,485		3,692		29.1		-42.7
				Total	20,359,017		19,231,941		18,844,746		17,621,459		-7.4		-8.4

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