Operating companies rise to 99% in the first half of July – INE

Operating companies rise to 99% in the first half of July - INE


Operating companies reached 99% of the total, in the first half of July, three percentage points (pp) more than in the previous two weeks and 16 more than in April, reveal data from the National Statistics Institute (INE).

The data, released by the Lusa agency, based on a survey of companies in the industry, construction, commerce and services, show that in the accommodation and restaurant sector the percentage of companies in operation was lower (93%), representing an increase of 11 pp compared to the previous fortnight.

"In view of the situation that would be expected without a pandemic, 58% of companies reported a reduction in turnover in the first half of July," reads the INE publication, which compares this percentage with the 66% recorded in the previous fortnight and the 80% in April.

According to Lusa, INE highlights the "greatest expression" of that percentage in accommodation and catering and transport and storage, of 88% and 76%, respectively.

In the first half of July, between 23% to 31% of the companies that responded to the survey assumed they had already benefited from government support measures, including the simplified lay off.

Based on the data, INE says that the companies' liquidity situation improved compared to April since, in the first half of July, 59% of the companies reported being able to stay in business for a period of more than six months without additional measures of liquidity support (more than 26% in April) and only 15% said they were unable to remain in business for more than two months (47% in the week of April 20 to 24).

In the first half of July, 24% of companies recorded a reduction in the number of employees actually working in the face of the expected situation without a pandemic (36% in the previous fortnight and 59% in April), with accommodation and catering being the sector where most companies reported a reduction in personnel employed in the first half of July (58%, six pp less than in the previous half).

Asked about employment since the beginning of the pandemic and expectations for the evolution of jobs until the end of 2020, 17% of companies reported having reduced the number of jobs since the beginning of the pandemic and 76% have not registered any impact on total employed persons.

"The vast majority of companies (83%) plan to maintain their jobs until the end of the year, while in the rest there is a relative balance between those that envisage increases and reductions", concludes the institute.

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