Bars and restaurants recorded the best performance of the year in July. However, according to Abrasel (Brazilian Association of Bars and Restaurants), the number of establishments with losses remains a concern.
The number of bars and restaurants that made a profit increased from 35% to 37% in July. Those that ended the month with a loss decreased from 29% to 26%.
Abrasel representative José Camargo says the sector is optimistic about the coming months, but that a large number of establishments with losses and accumulated debts is still a concern.
Of the businesses that recorded losses in July, 75% say . . .
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