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October saw sharpest fall of the year in corporate credit demand in Brazil, with minus 16.4%

Data from a survey conducted by Serasa Experian show that October saw the sharpest fall of the year in corporate demand for credit, with a reduction of 16.4%, which demonstrates a sign of a slowdown in the Brazilian economy, motivated in part by the high level of interest rates.

The data are from the Business Demand for Credit Indicator, released this Thursday (Nov. 24).

The highlight of the drop was the Micro and Small Enterprises (MSEs), which had a drop of 16.9% in the credit search.

Medium-sized companies had a reduction of 1.4%.

Large companies were . . .

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