Defaults in Brazil fall in June for the first time in the year

The number of defaulters in Brazil had, in June, the first drop in the year, reaching 71.45 million negatives, according to Serasa. In comparison with May, the reduction was 450 thousand people in default in the country or 0.63%.

At the same time, the total number of debts also fell, from 264.5 million (May) to 262.8 million (June), a decrease of -0.62%. The total amount of debts last month was BRL 346.3 billion, with an average amount of debts per person of BRL 4,846.15.

“Despite the still unfavorable economic scenario, with inflation and high interest rates, the first drop in defaults of the year represents significant data and may signal improvements in the financial health of consumers”, assesses Aline Maciel, manager of Serasa Limpa Nome.

The total number of defaulters corresponds to 43.78% of the country’s adult population. And among the states, Rio de Janeiro is the leader, reaching an index of 52.80%. In the sequence appear Amapá (52.72%), Amazonas (52.20%), Federal District (52.05%) and Mato Grosso (50.33%).

The expectation for the coming months is for a downward trend in defaults, due to the Desenrola program, for renegotiating debts, which began this week. Finance Minister Fernando Haddad said the measure has the potential to clear up to 2.5 million names in its first phase.