Who is the winner of Wholesale and Retail?
Online retailers increasingly register since the first lockdown.
Our monthly reports, the last few months, show that Wholesale and Retail sector is one of the champions in terms of daily company registrations. Which 4-digit SIC codes drive this trend, though? To answer this question, we perform a decomposition.
The following graph shows the decomposition of the aggregated company registrations by month and 4-digit Class. The most noticeable changes come from online retailers and retailers in non-specialised shops. Food retailers contribute particularly in months during lockdown when Accommodation and food industry is shut.
Yannis Galanakis
Postdoctoral Research Associate
Yannis' research interests include Labour and Applied Economics.