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The revenue of small and medium-sized businesses began to recover in Russia

The revenue of small and medium-sized businesses began to recover in Russia
Small and medium-sized entrepreneurs in Russia began recovering revenue. However, experts note that there is no need to talk about a return to the level of sales before the introduction of restrictive measures.

According to TASSThe first revenue recovery began in late May. At the same time, growth also occurred in especially affected sectors. Despite the restrictions that will continue to apply in the regions, the profit of entrepreneurs begins to return to the level of March.

At the same time, in early April, the revenue of entrepreneurs in the affected sectors fell by an average of 38% compared with the period before the pandemic. At the end of May, revenue increased by 14%.

In industries that were not among the most affected, the fall at the end of March was 23% compared to the level before the pandemic. In May, revenue growth in these sectors amounted to about 7%.

Business expenses have also declined. 69% less began to spend entrepreneurs from the most affected sectors. Those who were not included in the list of the most affected reduced rental payments by an average of 46%. With the restoration of revenue, payments for rental real estate also increased: in the affected sectors by 2%, and for the rest - by 12%.
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