Almost 10% of São Paulo consumers are willing to borrow this month. Behavior reflects a more optimistic expectations about the future of the economy, says authority

The interest of consumers to engage with increased funding in September.It's what indicated a survey by Fecomercio with 2 200 people in São Paulo. 

According to the organization, this behavior reflects a more optimistic expectations about the future of the economy, even in the face of high unemployment and instability in the supply of credit.

"Almost 10% of São Paulo consumers are willing to take credit, and close to the 10.2% of the historical average," says the note entity, released on Wednesday (28).

The finding was made through the Finance Intent Index, one of the indicators that make up the Risk Research and Indebtedness of Intent (PRIE), which increased 24.9% in the month, from 15.3 points in August to 19, 1 in September. Compared to September last year, there was a slight increase of 0.1%.

The component Credit Security Index, which assesses the debt payment capacity, a 3.1% decrease was observed in relation to August and the index stood at 81.7 points in September. Compared to the same month last year, the drop was even more significant (-4.9%).

In the analysis of Fecomercio, the Financing Intentions Index tends to remain at low levels in the coming months, but increased compared to the end of 2015 and early this year, "signaling a more optimistic view of the economy."According to the federation, the long-term credit supply is virtually stagnant, which symbolizes a "paralysis of the real estate market", where consumers often use these funds.

investments

The survey also found that in September, 60.2% of households had savings in the main destination of its resources. The number is 4.1 percentage points lower than that recorded in August and also lower than in September last year (69.3%).

"Although still the favorite, savings lost ground over the past few months both the fixed income and for the pension plan, on nominal interest of 14.25% and an aging population", said the Fecomércio.

According to the entity, the proportion of applicators in fixed income increased by 3.6 percentage points (from 17.7% to 21.3%) in September. In the same month of 2015, the rate was 17.5%.

Already on investments in stocks, the Fecomercio assessed that this option can be strengthened in the coming months, as a result of an improvement in the economy and also with lower prices of paper after a period of depreciation of business.

In technical note released with the survey results, the federation also provides for the possibility of falling basic interest rates, which could bring back the applicators in savings accounts and investors in the capital market.

Source: Portal Brazil, with information from the Agency Brazil