Serasa: consumer demand for credit falls 15.1% in April

São Paulo – the amount of people who sought credit in April decreased by 15.1% in comparison with March 2017.
Already as compared to the same month of last year, demand shrank 5.1 percent, according to data from Serasa Experian Indicator of consumer demand for credit.
With this result, consumer demand for credit has closed the first quarter of 2017 with indentation of 0.7% for the first four months of last year.
According to Luiz Rabi, Economist at Serasa Experian, the confidence level still contained and high unemployment explain the low available to the consumer to be in debt.
"Demand does not grow, the credit market is in doldrums, at least in relation to consumer demand," he says.
The Economist added that the pace of lending to individuals is also in stagnation, contributing to this scenario.
Rabbi comments that quarterly data explain better the low variation in consumer demand for credit, not to suffer with seasonal changes.
In relation to income, for example, points out that consumer demand for credit fell 1.2% to who receives between R $1,000 and R $2,000 in comparison with the first quarter of last year; and decreased 2.4% to those who receive more than R $10,000 per month. Positive oscillations also varied little.
In the lower rents, an increase of 0.8% for the income range of up to R $500 0.3% monthly for consumers with income between R $500 and R $1,000 per month.