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Number of startups a record

17/05/2017 at 14:04h

São Paulo – In January 2017, 194,199 businesses opened in Brazil, the largest amount for the month since 2010. The result is up 16.6% from 166,613 new businesses in January 2016. It is also up 61% from 120,622 in December 2016. The numbers were made public this Wednesday (17) in Indicador Serasa Experian de Nascimento de Empresas, a new businesses report from credit bureau Serasa Experian. “Entrepreneurship born of necessity keeps driving startups in Brazil. Since unemployment is high, people who’ve lost their jobs are seeking new sources of income by starting new businesses,” Serasa reported.

Via Agência Brasil. Translated by Gabriel Pomerancblum

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