São Paulo – Companies demand for credit increased by 15% in July from June, according to the Serasa Experian, credit analysis company. In July from July last year, there was an increase of 1%. Year-to-date through July, the amount of companies that sought for credit grew by 2% as against the same period last year.
In a comparison per company size, the largest hike was among micro- and small-sized companies, up 16% in July. Among medium-sized business, the hike was 2.2% and among the large companies, the demand was up 1.3%
Year-to-date, large companies’ demand for credit the most, up 9% from the same period last year. Among micro and small companies, the increase was 2.2% and among the medium-sized business, there was a decline of 2.5%.
Service sector companies saw the highest increase in demand for credit, up 19.4% in July from June. Trade also had a significant increase, 14.2% from June. Industry, however, had a more moderate increase (3.7%).
Year-to-date through July, industry’s demand grew the most, up 5.6%. Sector service also had a growth of 4.3%. Only the trade sector saw a decline of 1%.
The Serasa Experian economists evaluated that the end of the World Cup, holidays and stoppages – which impaired the result of credit demand in June – caused a hike of 15% for credit demand in the following month. “It was a natural and expected movement, given the smaller quantity of holidays and stoppages [in July]. Nonetheless, the surge of companies demand for credit is still quite moderate, when compared to the same months last year,” says Serasa’s statement.
*Translated by Rodrigo Mendonça
