Business

Pandemic shutdown 39.4% of companies that suspended activities in Brazil

The covid-19 pandemic caused the closure of 39.4% of the 1.3 million companies that had temporarily or permanently suspended their operations. In total, 522,700 businesses were closed in the period. The data are from Pulso Empresa survey of IBGE. Among those that were closed, 518,400 (99.2%) were small, 4,100 (0.8%) medium and 110 large.

Source: Agencia Estado