Second consecutive month of a distinct decline
Due to epidemic-related restrictions, service and trade production in April 2020 declined compared to March 2020 (by 15.3%). Since it declined significantly for the second consecutive month, the index dropped to the lowest value in the whole period of its calculation (since January 2010). The decline was more distinct in service activities (by 17.5%) than in trade (by 12.6%).
Production declined in all service activities, most notably in accommodation and food service activities (by 70.3%). In other groups of activities the drop was not so prominent but still important; in professional, scientific and technical activities by 17.6%, in transportation and storage by 16.7%, in administrative and support service activities by 15.1% and in real estate activities by 8.6%. The decline was the lowest in information and communication (by 3.1%).
Drop at the annual level more prominent
Service and trade production in April 2020 dropped by 28.4% compared to April 2019. This was the largest drop at the annual level in the whole period of index calculation. The drop was more distinct in service activities (by 31.3%) than in trade (by 23.4%).
Production at the annual level also declined in all groups of service activities. The decline was even more prominent than at the monthly level. Production in accommodation and food service activities dropped by 86.2%, in administrative and support service activities by 38.0%, in transportation and storage by 28.4%, in professional, scientific and technical activities by 25.9% and in real estate activities by 21.2%. As at the monthly level, it declined the least in information and communication (by 7.1%).
In the first third of 2020, service and trade production declined by 11.1% compared to the same period of 2019. It also declined more in service activities (by 12.1%) than in trade (by 9.3%). The epidemic had the largest impact on accommodation and food service activities, where production dropped by 34.7%. The only group of service activities that recorded growth in the first third of the year, was information and communication, but even in this case the growth was minimal (by 0.1%).