By Xiu Ying

RIO DE JANEIRO, BRAZIL - Family indebtedness registered the fifth consecutive hike in May, according to a survey released by the National Confederation of Trade in Goods, Services, and Tourism (CNC) on Tuesday, June 11th.

Last month, the percentage of indebted Brazilian families reached 63.4 percent, an increase of 0.7 percentage points (p.p.) concerning April (62.7 percent). This is the highest rate since September 2015 (63.5 percent).

Compared to May of last year, growth was 4.4 percentage points.

The indicator covers debts with a predated check, credit card, special check, store card . . .

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