For the first time since the start of the Covid-19 crisis, more sectors with turnover increase than turnover decrease

Economic indicators
For the first time since the start of the Covid-19 crisis, more sectors with turnover increase than turnover decrease

The Covid-19 crisis still had an impact on turnover in the first quarter 2021 compared to the same period a year earlier, particularly due to the lockdown measures that were still in place in the sector of accommodation and food service activities and in other service sectors (e.g. the activities of travel agencies, tour operators and other reservation services have almost completely ceased due to non-essential travels being discouraged).

However, for the first time since the start of the Covid-19 crisis, there are slightly more sectors where turnover has increased again than there are sectors where turnover has decreased: in 12 of the 23 sectors monitored in this statistic, turnover has increased compared to the first quarter 2020.

A number of important economic sectors experienced strong increases in turnover, namely the wholesale trade, the sector ‘H53 Postal and courier activities’ and the sectors ‘J62 Computer programming, consultancy and related activities’ and ‘J63 Information service activities’. The most significant turnover decreases were registered in the sector ‘N79 Travel agency, tour operator and other reservation service and related activities’, in the sector ‘Accommodation and food service activities’, in the sector ‘J59 Motion picture, video and television programme production, sound recording and music publishing activities’ and in air transport (H51).

This statistic gives the turnover indices for a number of sectors specified by Eurostat: the wholesale trade and a number of services such as transport, accommodation and food service activities, ICT, advertising and market research. The sectors are divided according to the 2008 NACE classification and Eurostat's specifications. Consequently, indices are also available for some codes at a more detailed level (e.g. G46) and other codes are brought together (e.g. M69 and M702). The indices per year give an overview of the evolution of the turnover for a particular sector during the last few years. The reference year is 2015. The quarterly indices reflect the evolution during a given year and can also be used to make year-on-year comparisons of a particular quarter. This way, they make it possible to detect cyclical changes. These indices are gross indices, but the user can create himself a table also showing the seasonally-adjusted indices and the trend. The last 2 years should still be considered as provisional, and can still be revised due to late vat returns or derogations.