Home World Europe COVID has ravaged service sector says Confcommercio

COVID has ravaged service sector says Confcommercio
COVID has ravaged service sector says Confcommercio avatar

9
0
Make your Motion!

(ANSA) – ROME, MAY 3 – COVID-19 has ravaged Italy's service sector, retail group Confcommercio said Monday.
After 25 years of uninterrupted growth, it said, the quota of added value of the sector fell by 9.6% last year with respect to 2019.
The pandemic has hit consumer spending to the tune of almost 130 billion euros, it added.
Some 83% of this loss of revenue, or 107 billion euros, Confocommercio said, has come in just four sectors: clothing and footwear; transport; leisure, entertainment and culture; and hotels and hospitality.
As for employment, market services have reported a loss of 1.5 million units.
The Confcommercio report was titled The First Great Crisis of the Market Service Sector. (ANSA).

Let's Post Your Story on Open Magazine! https://news.artmotion.com/packs/

News from Italy

0 0 votes
Article Rating
Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments