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Significant improvement in MPI finances
A notable milestone was reached in the universe of micro and small industries (MPIs) in Brazil. According to the 9th National Survey, carried out by the renowned Datafolha at the request of the Micro and Small Industry Union (SIMPI), these entities registered a significant decrease in defaults, falling from 35% to 29% compared to the previous two months. This is the lowest default rate observed in 2023, indicating a positive trend in the economic scenario of these companies.
Research notes: focus on micro industries
The data reveals that micro industries were the main protagonists of this improvement, with a reduction in default from 33% to 25%. On the other hand, small industries faced a marginal increase of 1%, reaching a default rate of 50%.
“This drop in defaults is an extremely positive indicator for our category, reflecting the resilience and adaptability of micro and small industries in the face of significant challenges”, commented Joseph Couri, president of SIMPI.
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Investments and strategic planning
A notable aspect of the study is the reduction in investments, which fell from 17% to 13%, representing the lowest rate in the historical series. Specifically, the decrease in the acquisition of machinery and equipment, from 11% to 7%, was a crucial factor in this downward trend. “It is vital that micro and small businesses invest strategically during this period, with a focus on efficiency, innovation, competitiveness and quality, thus ensuring their sustainability and continued growth,” noted Couri.
Expectations and Hiring
The outlook for expectations revealed an increase in pessimism related to inflation, with the most unfavorable scenario rising from 34% to 44%. Specifically in micro industries, concern grew from 35% to 44%, while in small industries, pessimism increased from 27% to 43%.
Despite these concerns, the Hiring and Firing index for MPIs remained stable at 100 points, preserving current jobs.
Challenges in hiring and business planning
The survey also shed light on current challenges in hiring new employees. Around 21% of companies reported difficulties filling open positions, with 56% citing workforce qualifications as the main obstacle.
As for business planning, 45% of micro and small industries adopt short-term strategies, 34% opt for the medium term and 17% focus on the long term. “These data reflect the challenges faced by these companies in a volatile economic environment. It is crucial to find a balance between immediate survival and a long-term strategic vision”, concluded Couri.
About Research
Carried out by SIMPI in partnership with Datafolha, the survey offers a detailed portrait of micro and small industries in Brazil, covering the period from September 11 to 31, 2023. For more information or to access the complete survey data, the Press office is available.
Source: SIMPI/Datafolha | Press.
