Default fell in April, with fewer checks returned
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Stênio Ribeiro
Brasilia - The police recorded 2,275,006 bank clearing checks returned in April, down 17.50% compared to March and 4.53% compared to April last year, according to research firm Equifax, dedicated to information, intelligence and business management.
According to the coordination of research, the decrease is a result of the slow recovery of economic activity and the lower number of working days in April (20) than in March (22). The amount of returned checks per business day was 9.25% lower than in March and 0.24% higher than April 2008.
It is not yet possible, however, say that the drop is a trend consolidated in the coming months, as the retreat of default depends on two factors: the maintenance of economic recovery and management of loans more carefully by companies.
The number of titles protested, the data point to a fall of 19.22% over the previous month and 7.07% compared to April 2008. By day, the volume recorded was 11.14% lower than in March and 2.43% lower than in April last year. 783,856 were registered protests against 982,693 in March and 854,277 in April 2008.
Source: Agência Brazil
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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