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October 31, 2020The second wave of the coronavirus scares Italians and freezes consumption, blocked by fear and new restrictions on activities, burning between 8 and 10 billion euros of household spending in the fourth quarter of this year, i.e. from October to December .

This is the estimate made by Confesercenti.

Only the stop to the Halloween party, which occurs this evening, will lead to the loss of about 200 million euros in consumption in trade, events and administration. "A week ago - Confesercenti affirms - we estimated that the new restrictions would have led to a consumption reduction of € 5.8 billion. This assumes that the measures could be removed as early as the end of the first week of November, without therefore having an impact on Christmas expenses. However, the estimate must now be revised in a pessimistic sense, both in light of the dynamics of Italian infections and in consideration of the measures adopted by other European countries and by Italy with the latest Dpcm ".



The restrictions due to the Covid emergency do not affect only gyms, wellness centers, events, fairs, festivals, bars and restaurants: the negative impact is widespread in all activities.

The early closure of restaurants and bars at 18.00 - in addition to bringing the sector to the ground - is making its effects felt on all other consumption, leading to a generalized collapse of revenues also in commerce.

The loss is estimated, for the sector, at around 50 million euros per day.

Also because the rush of infections in European countries and the 'continental' dimension that the restrictions are assuming amplify the impact on household confidence and their propensity to spend.     



In this context - Confesercenti underlines - a broader support to businesses is needed.

Too many sectors are excluded from the Refreshments dl.

This is why we have written to the government to ask for a monitoring table to be activated to identify companies that are really suffering, regardless of the Ateco code.

The effect of this second wave goes beyond the restrictions established by the Dpcm.

For many businesses, already worn down by the crisis triggered by the pandemic, it could mean definitive closure.

This is why we believe that it is also absolutely necessary to stop bankruptcy procedures: if this is not done, the risk is to make businesses fall into the hands of organized crime.