MADRID (SPAIN) – Spanish government released data on Saturday which says that more than half of the companies in the country, which closed during the height of the coronavirus pandemic, have reopened. This shows that the economy is recovering slowly.
Figures from the Ministry of Inclusion, Social Security and Migration reveal that the number of firms that enrolled to pay social security by the end of July stood at 1,282,346. It is 91,240 fewer firms compared to February before the lockdown was imposed.
Data reveals that since the easing of lockdown started in May, 49,159 companies have registered with the government.
This is just over half the number which closed when the coronavirus spread was at its height in March and April.
The data showed that between February and July, the worst affected sectors of the economy were education, where 22.6% of companies closed, and agriculture and fishing, in which 15.2% of firms stopped business.
Since the lockdown came to an end in June the number of infections has been rising steadily in the country.
(Photos syndicated via Reuters)
This story has been edited by BH staff and is published from a syndicated field