São Paulo – Corporate demand for credit was up 6.6% in September from August, according to the Serasa Experian Corporate Credit Demand Indicator. Year-on-year in September, demand was up 19.1%. Year-to-date through September, corporate credit demand increased by 4.3% from the comparable period in 2013.
Demand by micro and small businesses increased the most, by 7.1% in September from August. Credit demand remained flat for medium-sized businesses and was down 0.3% for large businesses. Year-to-date, corporate credit demand was up 7.3% for large businesses, up 4.7% for micro and small businesses and down 3.1% for medium businesses.
In September, demand increased the most from retail companies, up 8% from August. Demand was up 5.2% in industry 5.4% in services. Year-to-date, corporate demand for credit grew the most in services (6.6%), followed by industry, up 6.5%, and retail, up 1.7%.
According to Serasa Experian economists, the higher demand in September stemmed from the fact that September had more business days, product stockpiling for Children’s Day (October 12th) and the stimulus measures announced by the Brazilian Central Bank in late August.
*Translated by Gabriel Pomerancblum
