SME billing accelerates and rises to 11.9% in September

The Omie Index of Economic Performance of SMEs (IODE-SMEs) points to a high of 11.9% of the financial movement of small and medium-sized enterprises (SMEs) in September 2024, compared to the same period of the previous year.In the accumulated of the year, the index registers an increase of 5.8% compared to the same period of 2023.

Figure 1: IODE-SMEs
(Index number 2021=100)

Source: IODE-PMEs (Omie)

The IODE-PMEs works as an economic thermometer of companies with revenues of up to R$50 million annually, divided into 701 economic activities that make up four major sectors: Commerce, Industry, Infrastructure and Services.

Felipe Beraldi, economist and manager of Indicators and Economic Studies at Omie, management platform (ERP) in the cloud, indicates that the rise of SMEs in September was disseminated among sectors. “The maintenance of positive signals in the Brazilian macroeconomic environment from the perspective of the labor market and household income continues to boost the performance of SMEs, while consumer confidence, measured by the FGV indicator (ICC-FGV), is showing an increase in the recent period, reinforcing the positive context for the consumption”, contextualizes.

The highlight was for Commerce, which recorded an evolution of 19.2% in September in the annual comparison ¡Till then one of the best results of the segment in 2024.“A consistent recovery in recent months, both in wholesale and retail, suggests a promising end of the year for SMEs in the sector. This context raises expectations for the impact of seasonal dates, such as the Black Friday, in the revenue of companies in the coming months”, explains the economist.

Industrial SMEs returned to the positive field in September, after a one-off decline in the previous month, registering a progress of 11.8% in the annual comparison. Among the 22 subsegments monitored in the manufacturing industry, 18 showed an increase in revenues, in greater evidence the activities of furniture Manufacturing, (Manufacturing of metal products and (Manufacturing of pulp and paper products’.

In the Services sector, SMEs advanced 7.3% in September, and it is important to highlight the high comparison base of 2023 due to the recovery that the sector already had at that time.In the month, the performance was pulled by the improvement of administrative activities and 2023’ Delivery activities.

Finally, SMEs in the Infrastructure sector recorded an increase of 11.3% in real financial transactions in September. The segments of (Electricity and ’ and Specialized services for construction’ predominated for the advancement of the sector throughout the third quarter.

The positive result in the last month contributes to the positive maintenance of the earnings of Brazilian SMEs in the short term. “Even with the prospects of increased inflationary pressures and interest rates, factors such as consumer confidence in high and persistence of the unemployment rate at historically low levels should sustain the continuity of growth of SMEs in the coming months””, predicts Beraldi.