Economics: Credit Still Flowing to Businesses

MEXICO - Report 13 May 2015 by Mauricio Gonzalez and Esteban Manteca

Executive Summary

In keeping with the recovery seen in internal consumption of recent months, bank credit for durable goods purchases increased in each of the first three months of 2015 and in the process capped a 14-month long contraction in the availability of such loans. However, credit issued through cards extended a downtrend dating back to mid 2013 with a negative performance in March.

Bank credit issued to companies has continued to grow, especially within the manufacturing sector. Large scale companies greatly expanded their debt to banks during the first two m...

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