These declines are particularly widespread in the Accommodation & Food and Construction sectors.In July and August of this year, 74 per cent of firms in the Accommodation & Food sector experienced turnover declines in excess of 50 per cent. In the Construction sector, the respective share was 27 per cent.15 Many SMEs (42 per cent) report taking measures to manage cash flow. 3.
Most SMEs have continued to access finance but new lending has declined.