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The Turnover of SMEs Fell by More than 50% in April
8.05.2020 10:52
The Turnover of SMEs Fell by More than 50% in April
(Source: http://mbgazeta.ru/news)


      
In April, the turnover of Russian small and medium-sized enterprises fell by 54% compared with the same period last year, vc.ru reports citing Evotor data.

      In Moscow, the turnover of the SME sector fell more than in other regions - by 79%. The company associates this with more stringent restrictions. The most affected are  fitness industries that lost 90% of last year’s revenue. Clothing stores lost 88% of the turnover, shoe stores - 87%. Revenue of beauty salons fell by 85%, dental turnover fell by 72%.  Due to restrictions introduced, small companies from almost all sectors of the economy suffered.

      



Author: Anna Dorozhkina

Tags: Russian business Russian economy coronavirus Moscow  

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