New company opening drops 25% in Brazil

The opening of new companies fell 25.7% in April compared to the same month in 2019, according to a survey by Serasa Experian. There were 194,800 companies opened in the month, with 84.7% in the category of individual micro-entrepreneur (MEI). Most of the new companies are in the service sector (68.9%) and are in the Southeast Region (51.1%).

Source: Valor Investe