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Boa Vista: Brazil's consumer default down 6.2% YOY in January

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Boa Vista: Brazil's consumer default down 6.2% YOY in January

Consumer default in Brazil fell 6.2% in January 2018 compared to the same month last year, while it fell 3.8% in the 12 months through January, data from credit research firm Boa Vista SCPC showed.

However, when compared to the linked month, the indicator rose 1.6%.

The research firm noted that as Brazilian families have experienced the harsh effects of the recession over the past two years, they have exercised caution in taking debts, thus contributing to a slowdown in defaults.

However, as economic growth prospects rise, the research firm sees a resurgence of credit demand, thereby expanding disposable household income.