News

Demand for credit declined in April

17 de maio de 2016

According to consulting firm Serasa Experian, credit demand declined 5.1% over March. In comparison to April of last year, there was an increase of 7.8%.

São Paulo – The number of people seeking credit in April of this year declined 5.1% over March and increased 7.8% in comparison to April of last year. In the first four months of the year, consumers’ demand for credit went up 2.6% over the first four months of last year, according to the Serasa Experian Consumer Demand for Credit Indicator.

According to Serasa Experian’s economists, consumer demand for credit remains weak due to the impact of the economic downturn on employment, the reduced ability of families to honor their debt, low consumer confidence levels and high interest rates on credit operations.

*Translated by Sérgio Kakitani