Very good news were out today. Credit conditions are strong, along with solid job creation, and rising real income.Car loans are up 16% according to a report released today on consumer spending. Lending to individuals maintained a solid pace in July, with daily average concessions jumping 1.3% over June, adjusting for inflation and seasonality. This is the eighth gain in a row, commented today Itau- Unibanco report.
Interesting to notice that credit conditions to individuals kept the pace, despite the monetary tightening.