Upgraded/ Wednesday, 16 Sep 2020 13: 05
New Central Stats Workplace figures reveal that 63.3%of responding services were trading at regular capacity despite the Covid-19 crisis.
In its newest Company Effect of Covid-19 Study, the CSO said that 96.3%of reacting enterprises were trading in some capability on August 23.
But 2.5%of companies had stopped trading temporarily while 1.2%had actually ceased trading completely.
The CSO stated that while many respondents were trading, not all were trading at full capability. Almost 2 thirds of enterprises were trading at normal capability levels while 33%were trading at partial capability.
Today’s figures show that office based businesses had approximately 57.7%of staff working from another location in the week ending 23 August compared to approximately 12.9%for non-office based business.
Over 23%of companies also stated they prepare to make remote working, in some capability, a long-term component.
On The Other Hand, 50.5%of reacting organizations stated their turnover was lower than regular for the four-week period from July 27 to August23 Turnover surpassed running costs for 56.4%of participants, today’s figures reveal.
Companies informed the CSO that they spent approximately 4.4%of expenditure on procedures to abide by Covid-19 requirements for trading throughout the 4 week period. Micro business – those services with less than 10 individuals employed – invested approximately 6.1%of expenditure on Covid measures.
The CSO stated its Service Effect of Covid-19 Study (BICS) was produced to determine and report quickly on the impact of the coronavirus on company in Ireland. The sixth wave of the study was collected in the week starting from August24
A total of 3,000 business were surveyed online for the survey, with 25.5%of tested business completing the survey.
It kept in mind that not all companies were in a position to respond to the survey and for that reason, the results will only reflect the characteristics of those who responded.
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