A journey of ups and downs
The year 2023 was marked by a true rollercoaster for Micro and Small Industries (MPIs), with a mosaic of financial results. As revealed by the 10th National Survey “Panorama of Micro and Small Industry”, carried out by Datafolha at the request of the Micro and Small Industry Union (SIMPI), 14% of companies reported progress, 50% remained stable, and 36% faced adversity. Despite the turmoil, a feeling of hope permeates the sector, with 57% of businesspeople projecting a brighter 2024 promising for your business.
The economic scenario, full of challenges, did not prevent 25% of micro and small industrial companies from classifying their revenue for the year as much lower than that of 2022. However, cautious optimism resonated among 48%, who considered their revenue to be within forecast, while 26% celebrated significant improvements.
Financial vitality and sales
The financial health of MPIs, measured by profit margin, also presented a mixed picture. In 2023, 12% of companies saw their margins grow, half of them remained at the expected level, and 37% faced challenges. The sale of products and services followed this trend, with 16% of companies reporting growth, 43% remaining stable and 37% dealing with obstacles.
- Another multinational company opens a factory in Brazil! This time, the chosen location was Sorocaba, where the Evapco Group invested R$200 million and expects to create 800 jobs!
- Grupo Boticário's mega factory in Minas Gerais will have R$1,8 BILLION in investment and should generate 800 jobs for the population!
- Asphalt made from sugarcane? Discover the sustainable road made from sugarcane bagasse ash: more resistant, durable and economical
- Abandonment of 3 subway stations in SP generates outrage; understand how thousands of São Paulo residents were surprised by the decision and the effects on urban mobility!
In terms of hiring new employees, the year was discreet, with only 3% of companies expanding their teams, while the majority, 45%, remained constant, and 36% found it difficult to add new members to their teams.
Optimistic projections for 2024
The horizon of 2024 brings a whiff of optimism for MPIs, with 57% of businesspeople anticipating better days for their ventures, although 17% remain cautious. The Central-West/North regions stand out for their optimism, while São Paulo and the South reflect greater caution.
Joseph Couri, president of SIMPI, highlights the resilience and adaptability of MPIs in the face of economic adversities. He highlights the promising forecast for next year, with 38% of companies expecting to open new vacancies and increase investments, a clear sign of renewed confidence in the sector.
About the research
Carried out between November 17th and December 1st, 2023, the SIMPI survey, conducted by Datafolha, interviewed 708 companies, providing a detailed overview of the current situation of MPIs. This data is essential to understand the trends, challenges and opportunities within this vital segment for the national economy.
To access additional information from the 10th edition of the National Micro and Small Industry Activity Indicator Survey, the Press Office team is available to provide support and insights.
Source: SIMPI/Datafolha | Press.