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Consumer defaults fall to lowest level since May 2011, points SERASA

posted Oct 10, 2013, 6:54 AM by Webmaster IMGroup
SÃO PAULO 10/10/2013 - Defaults have declined for the fourth consecutive month in September and settled at its lowest level since May 2011. The indicator shows Serasa Experian Consumer Default. Last month compared with August, the index fell 2.8 %. In the annual comparison with September 2012, the default rate registered a decline of 10.8% .

In the year, from January to September, the volume of delays in payments grew by 2.2% and compared to the same period last year the increase was 0.7 % .

According to economists from Serasa Experian, low unemployment rates, lower inflation after strong gains made ​​during the first half and more cautious consumers on new loans have contributed to systematic drop in defaults in recent months .

Non-bank debt related to credit cards, service providers such as telephone and electricity supply and water and banks loans were mainly responsible for the fall of the indicator, with negative 2.6 % and 2.9%. The protested titles also fell 20%, but represented mild contribution of 0.3 percentage point in the index.

Serasa Experian data follow in line with another indicator of consumer default, released yesterday by the Boa Vista Services, which administers the Credit Protection Service Center (SCPC ). According to the company , the new records of default fell 2.1% between August and September , already seasonally adjusted, accumulating 0.5% decline in the first nine months of 2013 , compared with the same period last year.

( Francine De Lorenzo | Valor Econômico )
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