The number of Bulgarian companies with decreasing sales goes up in September
Only 17,1% of non-financial corporations have registered an increase, according to national statistics
28,1% of non-financial corporations in Bulgaria indicate that they had a decrease in revenues from sales of goods or services in September 2021 compared to the previous month. This is shown by data from the National Statistical Institute, published today.
In August, 26,6% of companies indicated this answer, which is 1,5 percentage points less. Although the difference does not seem significant, it is still indicative of the state of the non-financial sector on the eve of another wave of coronavirus and the new restrictions it entails.
According to NSI data, in September 2021 54,5% indicated that there was no change in sales revenues, and 17,1% registered an increase. A year earlier, in September 2020, a decrease in sales revenue compared to the previous month was indicated by 32,2% of non-financial corporations, 49,5% - no change, and 17,8% - an increase.
The distribution by economic activities shows that in the ninth month of the year 44,7% of the enterprises in activity “Culture, sports and entertainment, repair of household goods and other activities” registered a decrease in the revenues from sales of goods or services, followed by enterprises in activity “Trade, transport and catering” - by 29,9%, and “Industry” - by 28,8%.
According to NSI data, in September 2021, in terms of hired staff, 15% of non-financial corporations have taken steps to use “paid leave” (compared to 17,1% in September 2020), followed by “remote work” – 9,6% (compared to 7,8% in September 2020), and “unpaid leave” – 7,6% (compared to 10% in September 2020). In September 2021, 7,5% of non-financial corporations started hiring new staff (compared to 7,9% in September 2020).
The forecasts of the companies for October are that 94,7% will continue their current activity, 2,1% - will temporarily cease their activity. Also, 2,1% expect to cease operations.
