The barometer monitors the evolution of turnover for over 20,000 SMEs in Romania in real time.
August is the third month of turnover contraction for Romanian SMEs in 2020, after January and April. However, the values are close to those recorded in August 2019, when SME turnover dropped 12%.
“The last month of summer is typically a vacation period with lower consumption in most industries. Still, the pandemic situation has impacted the hospitality industry, where turnover fell 32% compared with August 2019,” said Radu Hasan co-founder and CEO SmartBill.
Other major drops in turnover in August were recorded in the sectors of agriculture and fisheries (-46%), health care and social assistance (-21%) and transport (-19%). Growth was recorded in the outdoor entertainment industry (+41% on the months) and administrative and support services (+2%).