Clipping of news on Brazilian Culture, Law and Citizenship
10.13.2015
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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Over 2.4 million consumers had their names included in records of debtors, between January and September this year, according to data from the National Confederation of Shopkeepers (CNDL) and the Credit Protection Service (SPC) Brazil, disclosed today (9). In late September, there were 57 million consumers registered in Register of debtors. This total is equivalent to 38.9% of the adult population (range 18-94 years).
In September, compared to the same period 2014, the number of customers with overdue accounts rose 5.45%. Compared to August this year, there was decrease of 0.59%.
According to the chief economist at SPC Brazil, Marcela Kawauti, there is often reduction in delinquency in September, compared with August. This is because in September there is more money circulating in the economy starting to pay Christmas bonus to beneficiaries of Social Security. Also that month, there feirões of debt renegotiation. "Companies themselves seek to renegotiate," said the economist. But it points out that in October and November back up the default, with further reduction in December, with the influence of 13th salary.
Delays in paying basic bills such as water and electricity, were the fastest growing: 12.55%, when comparing September this year and the same month in 2014. The bank debt, including disputes with credit card, Loans, financing and insurance, rose 10.32%.
The debts of the telecommunications industry, delays in the payment of landline, mobile and pay TV grew by 4.17%, while the pending trade rose by 0.85%. According to CNDL, almost half of overdue debts are banks (48.17%). The second largest share of total debt is to trade (20.3%).
The economist said that default is spread across all segments of the economy, which raises concerns. For her, the future scenario is also poor, with less hiring in trade at the end of the year, increased unemployment, lower incomes and lower expected default fall to the end of the year. According to her, there should be no reduction in delinquency from 1% to 1.5% at the end of the year, as usually happens due to the economic recession with high inflation.
According to Marcela, the strong inflation in the food segment, housing and transportation make it difficult to fall in defaults. "There are specific items that we can change. It is less money left to pay off debt and get out of default, "he added.
Still, the economist does not believe in uncontrolled default because banks are lending less. "What limits the default is the smallest credit basis," he said.
For Marcela, the economy may show some improvement in the second half of 2016 but emphasized that it is necessary for the government to resolve the political crisis to improve the situation. "The light at the end of the tunnel is not the beginning of the year. Is the means to the end, "he said.
Source: Agency Brazil
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This article was translated by an automatic translation system, and was therefore not reviewed by people.