Household delinquency increases

The percentage of household delinquency moved up in August this year, according to a survey by the National Confederation of Commerce of Goods, Services and Tourism (CNC) released today (Aug. 25). According to the survey, 22.4% of households incur debts or overdue bills. Bills are on average paid 60.9 days delayed.

The percentage of delinquency exceeds the one of July this year (21.5%) and of August last year (19.2%). The rate of August this year is the highest since July 2013, when the same percentage was observed (22.4%).

The survey also showed that the number of households that will not be able to pay their bills or debts stands at 8.4% of this month's total—also a higher percentage than in July this year (8.1%) and August last year (6.5%).

According to the CNC, the percentage of indebted households—though not necessarily with overdue debts or accounts—reached 62.7% in August this year, higher than the 61.9% from the previous month, but lower than the 63.6% of August 2014.

Credit card debts are the majority (77.7%), followed by payment books (16.5%) and car finances (13.9%).

Translated by Amarílis Anchieta