• Categories
  • Archives

Small Companies Grow 8.6% in Rio, Brazil

Small company PipeWay from Rio, Brazil 2008 is shaping up as a banner year for Brazilian small businesses. Revenues of micro and small companies from the state of Rio de Janeiro, in southeastern Brazil, posted real growth of 8.6% in February, in comparison with the same period in 2007.

According to the Micro and Small Company Indices for the State of Rio de Janeiro (Impe), a study by the Rio de Janeiro branch of the Brazilian Micro and Small Business Support Service (Sebrae) and Getúlio Vargas Foundation (FGV), the service sector pulled the values up, with growth of 9.8%.

The trade sector was close after it, with growth of 8.8% and industry posted 2.6%. With regard to regions, the interior presented the greatest growth, with 14.3%, against 6.9% of the metropolitan region.

The good performance was not limited to revenues. Salaries and numbers of employees also rose when compared to the same month in 2007. The real growth in income was 6.4%, boosted by industry (9.9%).

The service sector came next, with 6%, and trade grew 5.7%. Once again, companies in the interior boosted the growth, 12.9%. The increase in the metropolitan region was 4.5%.

Average salaries rose 4.2% in February 2008. In the service sector, the increase was 6.7%, in industry, 5.8%, and in trade, 1.2%. In the interior, the growth was 6.3% and, in metropolitan regions, 3.8%.

The results found show that in February this year, micro and small employer companies in the state posted revenues of 4.4 billion Brazilian reais (US$ 2.6 billion), employed 1.9 million people and injected into the economy, in terms of employee income, 1 billion reais (US$ 600 million).

"The February figures show not only that micro and small companies have been presenting constant growth, but also showing the potential of the interior. The good performance also shows the healthy conditions of the state economy.

"These enterprises represent approximately 99% of the enterprises in the state and employ 40% of the official labor. That means that micro and small companies are mainly responsible for the net generation of work posts," explained Sergio Malta, superintendent director at Sebrae Rio.

Sebrae

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Volkswagen Brazil Strike Means 900 Less Cars a Day

Volkswagen Brazil workers voted Wednesday, August 30, to halt all activities in protest over ...

Argentina Accuses Brazil’s Petrobras of Hiding Fuel to Hike Prices

Brazilian oil multinational Petrobras and Royal Dutch Shell are being accused by Argentina’s government ...

Stage Struck II

By Brazzil Magazine Continued from our last issue MILESTONES OF BRAZILIAN THEATER IN THE ...

LETTERS

Brazilian theater started to flourish in the ’30s with the production of texts by ...

US Urges Brazil and LatAm to Do Away with Cumbersome Red Tape

Presidential elections in seven Latin American countries this year have investors jittery over prospects ...

Zero Tillage: a Brazilian green revolution

Zero Tillage: Why the Grass Is Greener on Brazil’s Side

Brazil’s large farms have long pioneered a green cultivation technique that boosts growth. Now ...

New Documents Show the US Hand in Installing Dictatorship in Brazil

United States encouraged and supported the 1964 military coup in Brazil against elected president ...

Brazil Welcomes Bush’s Vows to Put and End to Farm Subsidies

President Bush and Brazilian President Luiz Inácio Lula da Silva have issued a joint ...

Amid Poverty and Decaying Neighborhoods the Drug Business Is Thriving in Brazil

Grajaú Bus Terminal, São Paulo Capital South Region. For years, the government of São ...