Sales dropped by half y/y at turn of April and May: experts

At the turn of April and May, the decline in business sales remained at 50 percent compared to 2019, estimates BIG InfoMonitor based on data from its Register of Debtors.

The Warsaw-based financial consultancy stated that it worked out economic dynamics by analyzing the number of reports checking the payment credibility of potential customers compared to the same period last year. It emphasized that many sellers before signing a contract, look into the register and check whether the customer – entrepreneur or individual – has debts or not.

During the May weekend between April 27 and May 4, the decline in sales in enterprises blocked by the pandemic remained at a level similar to that recorded the week before, said BIG InfoMonitor on May 8. On April 20-26, it was 46 percent less than in the same period last year. Between April 27 and May 3, the seventh week of quarantine, the fall was 47 percent.

In 2019, entrepreneurs checked the payment credibility of nearly 7.5 million people and almost 1.6 million companies in its register, which means that they asked about every fifth adult resident and over half of the enterprises operating on the market, experts added.

(PAP)