Consumer demand for credit up 1.6% in February, says Boa Vista

At the request of two consumers for credit, they recover 1.6% on the passage from January to February, with discounts of seasonal effects, according to data from Boa Vista. The result interrupted a sequence of four months of progress.

In the 12-month variation, without adjustment, the index maintained a decelerating trend and rose to 3.3% in February, compared to 3.8% in January and 4.5% in December.

“A loss of pace in demand is being confirmed month by month,” says the economist from Boa Vista Flávio Calife.

The economist confirms that the risk of non-compliance in the domestic sphere is still high depending on the adverse economic scenario and “not very encouraging” news from abroad.

For Calife, the reversal of this tragedy, for now, is still very remote. “On the one hand, I swear that high income commitments must be based on demand, while on the other the risks tend to limit a little to the supply of credit.”

The indicator is calculated from the number of CPF inquiries to the data system of Boa Vista by companies. The objective of the index is to anticipate movements and tendencies of the credit market.