A Neurotech, company specialized in data analysis, released a concerning report on the credit situation in Brazil. According to the Neurotech Credit Demand Index (INDC), the search for funding in the country recorded a significant drop of 18% in the first half of 2024, in comparison with the same period of the previous year
Natália Heimann, leader of the Data & Analytics Business Unit for Credit at Neurotech, highlights that this downward trend is not recent. "The demand for credit has been operating in negative territory since August 2022", with rare exceptions, explain
The sector analysis reveals that the financial segment had the smallest decline in June (-22%), followed by retail (-21%). Surprisingly, the services sector showed a positive growth of 30%. In the accumulated semester, retail was the most affected, with a drop of 30%, while banks and financial institutions fell 14%. The services sector remained resilient, with an increase of 18%
In retail, the supermarket category was the only one to register growth (4%) in the first half, indicating a prioritization of basic spending by consumers. Department stores were the most impacted, with an impressive drop of 61%
Natália Heimann does not see prospects for improvement in the short term. For the coming months, we do not foresee a significant reversal of this scenario, even due to the maintenance of the Selic at a high level, affirms
This scenario of contraction in credit demand reflects the economic challenges faced by Brazilians, with income committed and focus on essential expenses. The situation demands attention from the economic sectors and may indicate the need for measures to stimulate access to credit and boost the economy
