Brazilian Consumer Indebtedness Drops for First Time in 2019, Says CNC

Although below September this year, when compared to October 2018, indebtedness is at a higher level, and defaults have increased.

RIO DE JANEIRO, BRAZIL - The percentage of indebted families in the country stood at 64.7 percent in October this year, below the 65.1 percent in September. The data were released yesterday, October 29th, by the National Confederation of Commerce of Goods, Services, and Tourism (CNC).

This was the first drop in the indicator this year, which accumulated nine consecutive increases in the monthly comparison.

When compared to October 2018, however, indebtedness is at a higher . . .

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