Some 37% of bars and restaurants in Brazil operated at a loss in July
RIO DE JANEIRO, BRAZIL – The figures represent an improvement over June, when 56% posted a loss, according to a survey by the Brazilian Association of Bars and Restaurants (ABRASEL).
The survey found that only 16% of companies were unable to fully comply with the payment of salaries in August, compared to 27% in the July survey.
Just over half of establishments (54%) have overdue payments. There was also an improvement in this indicator compared to July, when companies in this situation represented 64% of the total.
Some 79% of companies in the sector have taken out loans and of these, 37% have at least one overdue installment.
In terms of taxes, 86% of companies surveyed are included in the Simples Nacional (system unifying all taxes at lower rates). Of these, over half owe taxes. Among debtors, 81% are concerned that they may be excluded from the differentiated regime due to outstanding debts.
PRICES
Among bar owners surveyed, 84% believe that the price of supplies will increase by the end of the year. Furthermore, 43% feel that the cost of supplies increased by over 20% in the first semester, although the IPCA (Extended National Consumer Price Index) closed up 3,77%. Another 40% say that the cost increased between 10% and 20%.
Due to the price rise, 65% of establishments increased menu prices in the first semester of 2021; 44% of bars and restaurants readjusted their prices by between 5% and 10% while another 20% raised them between 10% and 15%. Only 4% readjusted prices by over 20%.
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Brazil — Live Market Board
+2.22%
172,236.05
+2.22%
71,866.30
+0.66%
10,589.61
+0.50%
2,848,945
—
2,576.36
+3.67%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 172,236.05 | +2.22% | +10.94% | 168,498.45 | — | — | — |
| USD/BRL | 5.51 | -0.03% | +3.30% | 5.51 | 5.52 | 5.51 | — |
| SELIC | 13.75% | — | — | — | — | — | |
| PETR4 | 45.19 | -0.24% | +39.65% | 45.30 | 45.39 | 44.29 | 40,897,000 |
| VALE3 | 66.11 | +3.23% | +1.38% | 64.04 | 66.30 | 64.74 | 20,259,100 |
| ITUB4 | 41.72 | +2.94% | +6.26% | 40.53 | 41.79 | 40.89 | 17,762,100 |
| BBDC4 | 14.68 | +3.38% | -23.06% | 14.20 | 14.68 | 14.34 | 39,079,800 |
| BBAS3 | 17.02 | -0.64% | -25.29% | 17.13 | 17.39 | 16.73 | 41,431,000 |
| B3SA3 | 14.85 | +3.20% | +13.19% | 14.39 | 14.93 | 14.32 | 27,051,000 |
| ABEV3 | 15.61 | +0.84% | +18.44% | 15.48 | 15.68 | 15.38 | 27,548,800 |
| WEGE3 | 50.74 | +5.29% | +11.84% | 48.19 | 50.87 | 48.26 | 16,073,900 |
| PRIO3 | 59.39 | -1.80% | +51.39% | 60.48 | 59.57 | 56.90 | 10,987,900 |
| SUZB3 | 54.20 | +1.50% | +16.06% | 53.40 | 54.32 | 52.30 | 10,985,300 |
| RENT3 | 30.83 | +1.78% | -26.72% | 30.29 | 30.96 | 30.00 | 11,812,400 |
| AZZA3 | 15.12 | +2.44% | -46.31% | 14.76 | 15.32 | 14.84 | 2,774,100 |
| CSNA3 | 4.49 | +1.81% | -45.84% | 4.41 | 4.79 | 4.41 | 32,453,700 |
| GGBR4 | 25.26 | +4.60% | +32.25% | 24.15 | 25.30 | 24.17 | 24,250,400 |
| ENEV3 | 27.40 | +2.09% | +41.60% | 26.84 | 27.62 | 26.90 | 8,949,100 |
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