Micro-businesses in São Paulo, Brazil, Have Largest Sales Boost in 12 Years

On March 13, 2013, Agência Brasil reported that micro-businesses in the state of São Paulo turned over some R$40.6 billion in the month of January, about 1% better than in January 2012. The increase is not radical, but it represents the highest monthly rate of growth that micro-businesses have sustained since 2001. An economist from the Brazilian Micro-Business Support Agency (SEBRAE), Pedro Gonçalves, credits the expansion of such businesses in the state as the reason for overall growth. At least half of the business owners interviewed by the study said that they expect sales to stay stable or rise over the next six months.  Read Article