Compared to October last year, however, the indicator that monthly measures the number of financing requests in the retail, banking and services segments in the country fell by 2%
The demand for financing in Brazil grew for the second consecutive month in the year-to-year comparison. Neurotech Credit Demand Index (INDC) registered an increase of 12% in November 2024 in relation to the same month in 2023. In comparison with October last year, however, the indicator that monthly measures the number of financing requests in the credit segments retail, banking and services in the country fell by 2%. The advance in October and November in 2024 compared to a year ago has not happened since June 2023, says Natália Heimann, leader of the Data & Analytics Business Unit for Credit at Neurotech and responsible for the indicator. The growth of the INDC in the interannual comparison was driven by Services and Banks, which expanded by 30% and 18%, respectively.
Retail recorded a decline of 1% in the period, but it was not enough to stop the good momentum recorded by the indicator. The expansion of the INDC in the penultimate month of last year in relation to November 2023 partly reflects the effects of , which encourages consumption especially in retail, and has a great positive influence, according to the Neurotech executive. “November has already become an atypical month with the consolidation of this traditional period of discounts and attractive offers in Brazil. Still, when we compare it with last year, we see that there was a real improvement”, assesses Heimann, who estimates a year of 2025 with encouraging prospects for the credit market.
Unlike the drop recorded in the INDC of retailers in November 2024 compared to the same month in 2023, there was an increase compared to October last year, of 8%. Demand for credit in the Services sector grew 5%, while banks and financial institutions recorded a 10% drop in demand for financing, which is justified by the performance of the category in the previous month, an increase of 34%.
*With information from Estadão Conteúdo
Published by Matheus Lopes
