Consumer loan indicator drops 0.2% in August

Tuesday, October 4, 2011

Serasa Experian's consumer loan indicator dropped 0.2% in August, reaching a level of 101, according to a release from the credit information firm.

This decline is the first the index has seen after seven consecutive months of positive and stable variation. But Serasa analysts said that since the indicator still remains above the 100 mark, consumer credit will likely continue to grow over the coming months, albeit at less accelerated rates than in 2010.

Serasa noted a moderate growth scenario for Brazil's economy during the second half of this year. The weakening of global economies and reduced demand for exports will continue to have a negative impact on companies' appetite for loans, resulting in a slower growth rate in the coming months.

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