Mexico | In May, credit fell 7.4%, a possible turning point in its performance.

Summary

May could represent a turning point in the dynamics of credit to the NFPS, with a smaller contraction than the one in April and a better performance of the portfolios that comprise it. An improvement in the activity and employment indicators in the medium term would consolidate a better performance in the credit market.

Key points

• Key points:
• Although there is still a certain base effect present in May figures, some sectors maintain a weak demand for bank credit.
• Consumer credit shows less deterioration, with incipient signs of starting a gradual recovery.
• The total mortgage portfolio maintains its growth, driven by the performance of the middle-income residential segment.

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