Clipping of news on Brazilian Culture, Law and Citizenship
31/07/2012
This article was translated by an automatic translation system, and was therefore not reviewed by people.
Bruno Bocchini
Reporter Agency Brazil
Sao Paulo - The default of legal entities increased by 16.5% in the first half of 2012 compared to same period last year, according to data released today (30) by the consulting firm Serasa Experian. It is the largest high for the first six months of the year since 2009, when there was an increase of 35.8%, according to the indicator of Default Serasa Experian Business.
"The economy is almost at a standstill and is a more difficult situation for business even when [they get] sell [their products], and pay their commitments. [It] is a complicated situation that must be reversed, especially at the end of the third and early fourth quarter, "said economist Serasa, Carlos Henrique de Almeida.
The unpaid debts to the banks were the highest increase in the first half of 2012: 23.9% compared to results for the same period in 2011. Protests and non-bank debt also had strong growth: 19% and 18.9%, respectively, compared to the first six months of 2011. The volume of checks returned for insufficient funds increased 3.7% in the first half of 2012.
According to economist Professionals, the results of companies in addition to the low growth of economic activity in the country, can be explained by the insolvency of individuals, affecting accounts receivable, and increase the dollar.
"Economic activity is low and credit more selective because of the feeling of greater risk in the economy. We also had a real devaluation in order to stimulate industry. Several companies have taken credit abroad and now their financial obligations are higher. This will be problematic if companies do not generate revenue in a shorter horizon, "said Almeida.
The non-bank debt (with suppliers, credit cards, financial, and service providers such as telecommunications, electricity and water) had a mean value of R$ 775.08, 4.3% more than the result of the same period of in 2011. Debts with the banks had, from January to June, average value of R$ 5.293,25,13, amount 5.5% higher than the same period in 2011.
The average value of protested titles in the first half was R$ 1,932.23, an increase of 10.9% over the period January to June last year. The bad checks were an average value of R$ 2,203.03, an increase of 6.7% compared to the accumulated first six months of 2011.
The default of the companies also had an increase in the relationship between June 2012 and the same month in 2011. There was growth of 11.4%. Already in June compared with May 2012, the default rate of companies declined 5.7%.
"I can not say that this drop in delinquency in June is already a process of reduction of default of companies, a consistent process. I believe we now have some seasonality, companies with rising defaults, falling. But, effectively, a better condition for businesses and consumers must occur in the last quarter of the year, "said economist Carlos Henrique de Almeida.
Edition: Juliana Andrade
Source: G1
Our news are taken in full of our partner sites. For this reason, we can not change the content of these up in case of typing errors.
This article was translated by an automatic translation system, and was therefore not reviewed by people.