STXNEWS LATAM-Brazil corporate loan demand drops in March -Serasa

Wed Apr 16, 2014 9:00am EDT

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.

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