Consumer spending firm in the third quarter

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.

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About Hildete Vodopives

Hildete de Moraes Vodopives is founder of Brazil Global and of the Harvard Strategists. She is a member of the Brazilian Investment Analysts Association (APIMEC-Rio) where she served as Corporate Relations Director and later, on the board. Hildete advises companies doing business in Brazil.
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