Clipping of news on Brazilian Culture, Law and Citizenship
09.10.2015
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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According to CNDL, 57 million people were on the register of debtors until September
In September, the number of customers with overdue accounts increased 5.45% - Bloomberg
BRASILIA - The crisis continues pressing the Brazilian pocket and leaves difficult to honor the bills. Data from the National Confederation of shopkeepers Officers (CNDL) show that through September, 38.9% of the adult population (in the range between 18 and 94 years) had the name registered in the register of debtors, the equivalent of 57 million people. Only in the first nine months of the year, there was a net increase of 2.4 million SSNs to negative throughout the national territory.
In the month of September, the number of customers with overdue accounts increased 5.45% over the same period of 2014. In August, annual growth was already significant, of 4.86%.
In a statement, CNDL points "loss of dynamism of the economy" and "deteriorating conditions in the labor market" as factors behind the increase in defaults. Given these factors, default indicators "resumed the acceleration trend from the beginning of this year."
The amount of non-paid individually debt also rose 6.63% last month from a year earlier. When considering the previous month, however, the number of non-repayable debts fell 0.91%.
The chief economist of the SPC Brazil, Marcela Kawauti, explains that this slight drop from the previous month is seasonal and not make it any less worrying picture.
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- At first it seems a good thing, but this decrease is seasonal and is a small indentation. Realize increased again in October and November and then down again in December. (The decrease is justified because) this time begin the payment of the first installment of the Christmas bonus for pensioners from the INSS. The companies themselves, knowing that there is a cash into the economy, seeking their debtors.
Most of the debt remains with the banks, almost half (48.17%) of all that is due has the collector financial institutions. These debts increased 10.32% in September. But it was the accounts of water and light that led the growth. Although they represent only 7% of the total debt, this kind of output increased 12.55% in September from a year earlier.
- The delay in water bills and light is worrying because it means that the consumer is not realizing pay most of your debts, but it is not worrying from the point of view of spreading a credit risk.
Source: The Globe
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This article was translated by an automatic translation system, and was therefore not reviewed by people.