Opening of companies drops 29.5% in April

The crisis generated by the covid-19 in the economy led to a sharp drop in the opening of companies in April, according to the Ministry of Economy, which released the Business Map Bulletin. In April this year, 189,878 companies were opened, down 29.5% compared to the same month in 2019. On the other hand, company closings reached 58,623, down 41.1% compared to April 2019 (99,468).

Source: Agencia Brasil