Companies increase their search for credit by 12% in May.
The Serasa Experian Indicator of Business Demand for Credit shows that companies increased their demand for credit by 12% during the month of May compared to April; compared to May of last year, demand grew by 11,1%. However, in the year-to-date figures, there was a 4,6% decrease compared to the same period last year.
Flávia Albuquerque, reporter for Agência Brasil - Business demand for credit increased 12% in May compared to April, according to the Serasa Experian Indicator of Business Demand for Credit. Compared to May of last year, demand grew 11,1%. However, in the year-to-date figures, there was a 4,6% decrease compared to the same period last year.
The increase was driven by micro and small businesses, which saw a 12,6% rise in demand for credit. Medium-sized businesses experienced a 0,4% increase, while large businesses saw a 0,2% decrease. Year-to-date, demand for credit has decreased for businesses of all sizes: -3,9% for micro and small businesses; -16,0% for medium-sized businesses; and -12,6% for large businesses.
In all economic sectors surveyed, the demand for credit grew in May compared to April. In industry, the increase was 12,5%; in commerce, 12,8%; and in the service sector, 11,1%. In the year-to-date figures, industry showed the largest decrease in its demand for credit: -7,1%. In commerce, there was a drop of 5,1%, and in the service sector, a decrease of 3,4%.
According to economists at Serasa Experian, the greater number of working days in May and the gradual improvement in business confidence levels boosted companies' demand for credit during the month.