In August, 5.33 million of micro and small companies closed the month in the redline. This figure is 0.9% lower compared to July, when 5.38 companies of this size were in default, according to a survey by Serasa Experian.
The industrial and retail sectors boosted the improvement in the indicator, both with 1.0% retraction in defaults. The services sector also fell, albeit by a smaller 0.7%.
The North region had the best performance on the balance sheet, with a drop of 5.0% in the number of insolvent companies, followed by the Southeast, with a decline of 0.9%; the Centre West, with a retreat of 0.7%; the South, with a drop of 0.3%; and the Northeast, with a decrease of 0.1%.
Original Story: Isto é Dinheiro | Estadão Conteúdo
Photo: Photo by Wundelman in FreeImages.com
Edition & Translation: Prime Yield