Clipping of news on Brazilian Culture, Law and Citizenship
09/26/2013
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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Alana Gandra
Brazil Agency reporter
Rio de Janeiro - Brazil The percentage of families in debt reached 61.4 % in September , which represents a decline compared to August ( 63.1 % ) . There was high , however, compared to the same month last year , when the index reached 58.9 % , according to the National Consumer Debt and Default ( PEIC National ) , released today ( 25 ) by the National Confederation of Trade Goods , Services and Tourism ( CNC ) . Data are registered in all state capitals and the Federal District , with about 18,000 consumers .
The Economist reported that CNC Marianne Hanson is the second consecutive drop in the percentage of households with debts . " This recent trend of decline is consistent with what we have observed , both in the credit market as indicators of household consumption , particularly in retail sales . "
Marianne analyzed that , to the extent that there is a moderate increase of borrowings and sales of products linked to credit , families are less indebted . For her , the percentage is still at a higher level compared to September 2012 because , in the first half of the year , there was an upward trend in this indicator . " This reversal is recent."
The movement stems from a wariness among consumers , said the economist . In the first six months of this year , sales volume grew by only 3 % over the same period last year , accompanied by a weaker expansion of credit compared to the pace that had been observed in recent years . Families are more selective as to the supply of credit , according Marianne . " The debt profile has changed and families have adopted a more cautious stance in the face of higher inflation and uncertainty about the future and the slowdown in the job market ." She stressed that, therefore , in recent months , households reduced their debt .
The same phenomenon is observed in relation to the percentage of defaults , which reached 20.6 % in September, showing decrease compared to the previous month ( 21.8 % ) , but an increase compared to September 2012 ( 19.1 % ) . " He followed the same downward trend in the monthly comparison and a slight increase year on year ," said Marianne . She stressed that the actual debt reduction favors the decrease in the proportion of households with overdue bills .
According to the economist, another factor that contributed to this was the most positive scenario is beginning to be seen in the second half , indicated by the rise in household confidence indicator and the slowdown in high prices. " A truce on inflation . This means that families are able to pay your bills on time . "
The credit card is still leading the main types of debt , since the survey began in 2010 . It was reported by 73.2 % of households , followed by the payment book , ie, the direct credit of the tenant ( 18.2 %) and car finance ( 12.6 % ) .
A trend also seen since 2010 and remained in the September survey is that the most indebted families are earning less than ten minimum wages . Marianne reported that in the last two months , there was a decrease in the percentage of households with debts , both in income level below ten as wages above that amount . In the annual comparison , there was high .
" What changes is in relation to the debt profile ," said the economist . For households earning more than ten minimum wages , financing car and house occupy the second and third positions , respectively , after the credit card. As for the families who receive salaries up to ten , the main types of debt are credit cards , personal loans and booklets . " This longer-term credit is concentrated more for families who earn more than ten times the minimum wage ," said the economist .
Edition : Juliana Andrade
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Source : Agencia Brazil
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This article was translated by an automatic translation system, and was therefore not reviewed by people.