Clipping of news on Brazilian Culture, Law and Citizenship
10.20.2015
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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Demand for credit fell 3.9% in September compared to August, according to a survey released today (19) by Serasa Experian. Compared to September of last year, demand for loans dropped by 3.6%. In the first nine months of the year, however, it was recorded growth of 3.2% on the demand for credit in the same period 2014.
The consultancy attributed the reduction in demand for loans to the increase in installment sales costs, the decline in consumer confidence levels and the rise in the unemployment rate.
By income level, the largest drop (-4.1%) in demand for credit between September and August were those with incomes between R $ 500 and R $ 1,000. Compared to September last year, people with this level of monthly income reduced by 3.6% the search for loans. From January to September, the classified in this income bracket increased by 3.5% and demand for credit.
The only income bracket that fell in interest in financing the first nine months of 2015 was to yield up to $ 500 in the same period 2014, these people reduced by 2.6% the search for credit. Compared to September last year, the decline is 5.9% and 3.9% compared to August.
The South Region was the one that registered the largest reduction in demand for credit in September, compared to August (-7.5%). Compared to September 2014, the decline is 4.2%.
Source: Agency Brazil
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This article was translated by an automatic translation system, and was therefore not reviewed by people.