Clipping of news on Brazilian Culture, Law and Citizenship
14/01/2013
This article was translated by an automatic translation system, and was therefore not reviewed by people.
Consumer demand for credit fell by 3.1% in 2012, reveals Serasa Experian
According Indicator Serasa Experian Consumer Demand for Credit, the amount of people who sought credit in the year 2012 decreased 3.1% compared to that seen in 2011. It was the worst yearly performance of the entire series of the indicator, which began in 2007, exceeding the 1.2% decline that occurred in 2009 (the only year that had been recorded drop in consumer demand for credit by then), when the Brazilian economy experienced a recession due to the effects of the international financial crisis erupted in September 2008. The historical annual growth of consumer demand for credit were: 2008 (6.4%), 2009 (-1.2%), 2010 (16.4%), 2011 (7.5%) and 2012 (-3, 1%).
Consumer demand for credit showed two distinct behaviors in 2012: Falls in the first three quarters of the year and beginning of recovery from the last quarter of the year. The annual growth rates observed were: 1st trimestre/12 (-6.8%), 2nd trimestre/12 (-7.9%), 3 trimestre/12 (-3.1%) and 4 trimestre/12 (+6, 0%). However, the positive growth seen in the last quarter of the year was insufficient to counteract the recoil accumulated during the first nine months of 2012, this decline determined by escalating delinquencies and the high levels of debt and impairment of consumer income, economists note Serasa Experian.
Analysis by region
In 2012, the regions of the lowest per capita incomes showed the best results in terms of consumers search for credit. In northern expansion was 4.8% compared to the year 2011 and in the Northeast the increase was 1.7%.
On the other hand, the more developed regions exhibited negative changes in demand of its consumers for credit: -4.2% in the Southeast, -4.4% in the Midwest and 5.6% in the South
Analysis by class of monthly personal income
Only consumers who earn up to R$ 500 per month exhibited elevations of their demand for credit in the year 2012: up 4.9% compared to that observed in 2011. Remember that these consumers were more directly influenced by the increase of the minimum wage, which grew 14% last year, and the official programs to transfer income (such as purse-family, for example).
All other income groups show declines in demand for credit in 2012. In this sense, the decreases tended to be more pronounced in extracts uppermost income: -5.4% for those earning between R$ 2,000 and R$ 5,000 per month, -5.6% for monthly income between R$ 5,000 and R$ 10,000; -5.2% and for consumers who earn over R$ 10,000 per month. On the other hand, consumers who earn between R$ 500 and R$ 1,000 reduced their demand for credit by 3.4% last year and for those who receive between R$ 1,000 and R$ 2,000 per month, indentation was 4 1%.
Methodology indicator
The indicator Serasa Experian Consumer Demand for credit is constructed from a significant sample of CPFs, monthly consulted the database of Serasa Experian. The amount of CPFs consulted specifically on transactions that constitute a relationship between consumers and credit institutions of the financial system or non-financial companies, is transformed into index number (2008 average = 100). The indicator is segmented by geographical region and by class of monthly income.
Serasa Experian
Serasa Experian is a leading Latin American provider of information to support decision-making of companies. In Brazil, it is synonymous solution for all stages of the business cycle, from prospecting to collection, providing organizations with the best tools. With deep knowledge of the Brazilian market, combines the strength and tradition of the name Serasa with Experian's global leadership. Founded in 1968, joined the Company in 2007 Experian. Responds on-line/real-time to 6 million queries per day, helping 500,000 direct and indirect customers to make the best decision at any stage of business. It is the largest Certification Authority in Brazil, providing all types of digital certificates and customized solutions for use in digital certification technology and Electronic Invoice (NF-e), making businesses more secure, agile and profitable.
Constantly driven innovative solutions in information for credit, marketing and business, Serasa Experian has contributed to the transformation of market information solutions, with continuous incorporation of more advanced intelligence features and technology.
Experian
Serasa Experian is part of Experian, the leading global information services company, providing data and analytical tools to clients around the world. The Group assists clients in managing credit risk, prevent fraud, target marketing campaigns and automate the process of decision making. Experian also supports individuals in checking their credit reports and scores and protect against identity theft.
Experian plc is listed on the London Stock Exchange (EXPN) and make up the FTSE 100 index. Total revenue for the year ended March 31, 2012 was US$ 4.5 billion. The company employs approximately 17,000 people in 44 countries and has its corporate headquarters in Dublin, Ireland, with operational headquarters in Nottingham, UK; California, USA and Sao Paulo, Brazil.
Source: Serasa Experian
Source: Consumer Rs
Our news are removed entirely from the sites of our partners. For this reason, we can not change their content even in cases of typos.
This article was translated by an automatic translation system, and was therefore not reviewed by people.