Consumer credit demand in Brazil grew 5.4% in October compared to the same month in 2016, according to credit research firm Serasa Experian.
Compared to September, the indicator rose 5.3%. Meanwhile, consumer credit demand advanced 4.6% in the accumulated 2017 period up to October.
According to Serasa Experian economists, the rise in the indicator reflects Brazilian consumers' return to the credit market, due to the reduction of inflation, the fall of interest rates, the start of a gradual recovery of formal employment and the greater degree of consumer confidence in the economy.
