STXNEWS LATAM-Brazil corporate loan demand drops in March -Serasa
Total demand for loans among Brazilian companies fell 5.3 percent in March from February, mostly due to fewer working days in the month as a result of the Carnival holiday, research firm Serasa Experian said on Wednesday.
The drop was centered on small and mid-sized businesses, while large businesses sought 10.3 percent more credit in the month as they looked to ramp up output before a likely drop in productivity during soccer's World Cup, to be held in June and July.
Demand for credit fell 1.2 percent in March from the same month a year earlier, Serasa said.
- Gaza fighting abates as diplomatic tension flares |
- Court orders Russia to pay some $50 billion in damages to Yukos shareholders
- Pushing locals aside, Russians take top rebel posts in east Ukraine
- Obama could curb corporate 'inversions' on his own: ex-U.S. official
- Family of five found shot dead in Maine home: police