São Paulo – Demand for credit in Brazil increased by 7.2% year-on-year in May, and by 18.6% in May from April, as per the Indicator of Consumer Demand for Credit from credit bureau Serasa Experian. Year-to-date through May, demand was up 1% from the year-ago period.
Serasa Experian economists imputed the growth to a drop in inflation and interest rates. They believe these factors “are gradually driving consumers to return, albeit very gradually so, to the credit market.”
*Translated by Gabriel Pomerancblum
