Very small businesses earn part of the turnover of medium-sized enterprises

Champions emerged his very small in the “road race” of increasing turnover, according to figures derived from . Specifically, the turnover of the very small businesses of the retailer amounted to 194m euros in January 2024, recording an 18% increase, compared to the corresponding month of 2023, which had been set at 165m euros. However, most importantly, the turnover of micro-enterprises increased by a percentage higher than that in which the turnover of both small (11.7%) and medium-sized enterprises increased (8.5%). More specifically, the turnover for retail medium-sized enterprises amounted to EUR 431 million in January 2024, recording an increase of 8.5% only, compared to January 2023, which was set at EUR 397 million. In addition, the turnover of small retailers increased by 11.7%, since it amounted to EUR 501 million in January 2024 compared to the corresponding month of 2023, which was EUR 448 million. It is noted that on average the turnover of SMEs (very small, small and medium-sized) increased by 11.5%. The proportionally greater increase in the turnover of micro-enterprises compared to the increase in small and medium-sized turnover led to an increase in the share of micro-enterprise turnover in the total ‘pita’ of small and medium-sized enterprises. In particular, the turnover of micro-enterprises rose in January 2024 to 17.2% of the ‘pitta’ of small and medium-sized enterprises compared with 16.3% in January 2023. Based on what results from ELSTAT’s data, the increase in the “special weight” of micro-enterprises – in terms of turnover – has hit medium-sized enterprises.