March index intended to back up 38.7% financing

The intention of the families of São Paulo to take loans still in freefall and, in March, recorded 15.5 points, the lowest result since 2012, according to FecomercioSP. In comparison with March 2015, the retraction was 38.7%. The decline in March was a result of the decline in the proportion of consumers who intend to borrow over the next three months, which went from 9.9% in February to 7.5% in the month. The credit Security index also registered a fall ( -2.8%) in comparison with February. Over the same period last year, the retraction was 1.7%.