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85% of Businessmen in Brazil Betting They’ll Make More Money This Year

Brazil realBrazilian businessmen are more optimistic for 2010 regarding their revenues. That’s what the Serasa Experian Entrepreneurial Expectation survey concluded after interviewing 1,012 businessmen across Brazil. Results show that 90% of them are going to raise their revenue estimates for the first quarter of the year.

The services and trade sectors recorded the highest growth expectations. In industry, 85% of businessmen showed optimism. In terms of regions of the country, North, Northeast and South had the highest share of businessmen willing to revise up the expected revenues of their businesses.

With regard to revenues expected in 2010, 85% of interviewees bet on a higher figure than in 2009. As for investment, 52% believe that that planned figure is not going to change, but for 37% investment should grow in the first quarter.

The credit conditions and supply should also increase, in the opinion of interviewees. To 58% of financial institutions in Brazil, the credit supply to companies is going to increase compared with the fourth quarter of 2009. To 36%, the supply will be the same, and to 6% it should drop.

Another aspect surveyed was number of employees. To 62% of interviewees, the number of workers should remain the same as in the fourth quarter of 2009, and to 34% there should be an increase.

At various points of the survey, the trade and services sectors have stood out, complemented by the expected increase in credit supply to consumers, showing that the domestic market will be the highlight in 2010 for businessmen.

The Brazilian Northeast region is the most optimistic. According to the survey, the reason for that is the resumption of local industry and tourism, resulting from the recovery of employment and income.

Anba

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  • Roberto Ferreiro dos Santos

    You can count me with the 15% who have doubts about continued growth expectations. We took good profits in the year past. Investments into business here yes, but expansion of trade profits is a chance game. Even in short term thought, exporting to middle east can grow, but the economy of the gulf states shows that it is limited with petroleum. They may buy our products now, but they will not overtake the loss that is continuing to grow from our markets in the US and European union. I believe it to be full of wisdom to hold onto profits gained in this last year or re-invest.
    Please Lula! Invest in the infrastructure in North East! We need better roads for trucks to move products. More dependable electricity. Not all money should go to the south. We pay taxed here to!
    Ok my sidenote is over. Seriously though I have a great expectation that 2012 will be a really good year from recovery of markets for the US and Europe. Until then, eu vou guardar meu cofrinho!

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