Demand for credit up 5%

20 de junho de 2016

São Paulo – The number of people seeking for credit in Brazil in May increased 5% over April and 2.1% in comparison to May of last year, according to the Serasa Experian Consumer Demand for Credit Indicator, released this Monday (20).

According to the index, from January to May of this year, consumer demand for credit increased 2.5% in comparison to the same period of 2015.

For Serasa Experian`s economists, the increase in credit demand in May was driven by Mother`s Day. However, they consider that the increase over May of last year was small due to the more restrictive conditions for credit this year.

*Translated by Sérgio Kakitani