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Boa Vista: Brazil's consumer default down 2.6% YOY in February

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Boa Vista: Brazil's consumer default down 2.6% YOY in February

Consumer default in Brazil declined 2.6% in February compared to the year-ago period, while it slid 3.3% in the 12 months through February, data from credit research firm Boa Vista SCPC showed.

The indicator also slipped 1.9% compared to the linked month.

Economic difficulties over the last two years had made families more cautious, which inhibited consumption and resulted in lower delinquency, Boa Vista said.

As economic growth prospects rise, the research firm sees a resumption of credit demand, therefore expanding disposable household income. These factors should contribute to a stable pace of delinquency in 2018, the research firm added.