São Paulo – From January to July, revenues of micro and small companies in the state of São Paulo have grown 10.7% over the same period last year, reaching the largest rate since 1998, when the research started being developed by the Brazilian Micro and Small Business Support Service (Sebrae). In the month of July, the sector obtained the ninth expansion running, 5.6% over the same month in 2009.
To the coordinator of the study, economist Pedro João Gonçalves, it was a very expressive expansion," despite the slower growth. In April, the rate was the best this year (14.7%), followed by May (13.4%).
The São Paulo state Sebrae economist attributed the June performance to interruption of activities over three working days due to the World Cup and also to the effects of fiscal incentives for the sale of electronics and vehicles. He believes that the second half will be better.
“Businessmen are relatively optimistic regarding the positive relation of the economy for the coming six months," said Gonçalves. But he recalled that the basis for comparison in this second half of 2010 is the same period in 2009, when the economy was recovering from the global financial crisis.
The Sebrae São Paulo research was developed with the collaboration of the State Foundation and System for Data Analysis (Seade) and is a sample of 2,716 enquiries representing a universe of 1.3 million micro and small companies. Around 40% of those approaches said they are going to maintain the same level of revenues, 34% believe in growth and 25% did not know how to evaluate.
*Translated by Mark Ament
