São Paulo – Brazilian companies had real growth of 47% in revenues between 2000 and 2008. The figure is part of the Serasa Experian study that analyses the evolution of company revenues via accounting figures. In the first quarter of this year, there was 5% reduction over the same period in 2008.
Between 2000 and 2008, retail sales grew 60.7%, whereas those of industry advanced 48.5% and those in the retail sector, 36%. In the first quarter of 2009, industrial sales dropped 9.7%, trade, 1.1% and services, 2.2%. The Gross Domestic Product (GDP) of Brazil also dropped 1.8% in the period.
According to the Serasa, the lower national demand, due to lack of credit, and international demand, resulting in lower exports, affected the industrial sector early this year. With this, explained the author in a press statement, there was lower production and expansion of stocks, with greater unemployment and default.
In this context, however, the sector that managed the best performance was the food sector. Sales of the area advanced 2% in the first quarter due to lower prices, real wage adjustments, lower income tax ranges – helping the lower income population -, and maintenance of income transfer programs of the federal government.
Serasa Experian is the largest credit bureau in the world outside the United States and has the largest collection of consumer, company and economic group data in Latin America. The company has been present in the Brazilian market for over 40 years.
*Translated by Mark Ament
