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Brazil: Small business confidence remained stable in October

RIO DE JANEIRO, BRAZIL - The Confidence Index for Micro and Small Companies (IC-MPE), which aggregates the indexes of the 3 main economic sectors (trade, services, and manufacturing) remained at 98.7 points in October.

According to SEBRAE, despite the stability compared to September, entrepreneurs' confidence has shown a "sustained growth" since early 2021. In January, the index stood at 90.8. According to the entity, this confirms a consistent rebound of small businesses, but it also indicates that there is still some insecurity among entrepreneurs, given the high inflation and economic instability.

SERVICES

According to the survey, the services . . .

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