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Economic indicators

Consumer credit should only accelerate in 2013 - Serasa Experian

02/08/2012

This article was translated by an automatic translation system, and was therefore not reviewed by people.


 



RIO DE JANEIRO (Reuters) - Consumer credit growth should provide a "more vigorous" only next year, despite government stimulus for the economy, Serasa Experian said on Thursday.

The estimate was made after falling 0.1 percent in June in the credit outlook indicator prepared by Professionals, lowest monthly decline for the last seven months, to 98.6.

"The virtual stabilization of this indicator at a level below the 100 reveals that the granting of consumer credit will continue to evolve at a slower pace during the second half of this year," the organization said in a statement.

"Thus, for 2013 will be the prospect of witnessing a return to more vigorous growth of consumer credit," he added.

Economists attributed the Serasa perspective to the more selective and rigorous analysis of loan applications by financial institutions and the need of consumers consider their finances, "Despite the fiscal and monetary stimulus that have been placed by the government."

The indicator of the outlook for Serasa Experian credit to businesses also fell 0.1 percent in June, reaching a level of 100.0.

"The proximity of this indicator compared to the 100 level is a sign that the credit companies will continue to evolve gradually over the coming months concurrent with the expectation of revival of economic growth," the company said in a statement.

(By Sergio Spagnuolo)

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Source: R7 News

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