Eurostat’s interactive dashboard for SMEs to monitor the pandemic recovery
Eurostat has developed an interactive dashboard to monitor the pandemic recovery with all the COVID-related indicators SMEs need.
Statistics show that the EU economy – as a whole – has rebounded from the initial impact of COVID-19. The labour market showed some signs of improvement in the third quarter of 2020, which was marked by the relaxation of COVID-19 containment measures in many Member States. These have been recently followed by new lockdowns, however, and outputs remain well below pre-pandemic levels.
Air transport and the tourism sector continue to be among the hardest hit by the ongoing pandemic. Despite COVID-19 containment measures introduced in November 2020, the EU’s industrial production rose for a seventh successive month and was almost back to pre-pandemic levels, highlighting the sector’s resilience. These measures, however, significantly decreased retail trade.
The EU recorded an exponential increase in excess deaths between August and October 2020 as the pandemic resurged across Member States. Economic sentiment, nevertheless, showed signs of recovery in December 2020, amid prospects for the roll-out of vaccines.
In quarter-on-quarter terms, gross domestic product bounced back by a record 11.5% in Q3 of 2020 after a steep drop of 11.4% in Q2. The largest quarter-on-quarter increases in GDP were recorded in France (18.7 %), Spain (16.4 %) and Italy (15.9 %), while the smallest were in Greece (2.3 %), Finland (3.2 %) and Estonia (3.3 %).
The dashboard is a useful tool for European SMEs, highlighting key insights and statistics related to the economy, business and trade, and people and work. Take a look, here.