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

Tags:

Ads

You May Also Like

If Only I Knew a Little Portuguese!

I was starting to get really frustrated. I needed someone who spoke English. My ...

Brazil Takes Its Profit and Runs

Latin American markets ebbed across the board, as investors cashed in on recent gains. ...

Brazil Helps Put the US and the Middle East to Bed

Brazil’s Pele Nua, based in the southeastern Brazilian state of Rio de Janeiro, produces ...

Brazilians Are Marrying More and at Older Age

The number of weddings grew 35% in the last decade, even if Brazilians are ...

Germany’s Anti-Nuclear Stance Is a Warning Brazil Can’t Ignore

In 2009, I went to Chernobyl. Thirty years after the accident it was still ...

Central Bank Chief Optimistic About Brazil’s Export Outlook

Brazil is increasing its real share of global exports, and the increase is not ...

Felipe Giaffone

Brazilian Giaffone Stalks the Field at this Sunday’s Indy

The personal histories and accomplishments of Brazilians like Hélio Castroneves, famous for his 2001 ...

Brazil’s Pork Exports Zoom Up 136%

Earnings from Brazilian pork exports rose 136% in the first two months of 2005, ...

Lula faces Alcmin in TV presidential debate in Brazil

Brazilian Elections: Alckmin Hits Lula But Lands No Killer Blow

It was good to see President Luiz Inácio Lula da Silva facing some tough ...

Americas’ First Wave Power Plant Is 100% Made in Brazil

In October, the first wave power plant on the American continent will commence operations ...