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

Published on Thursday, July 22, 2021 | Updated on Friday, July 23, 2021

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

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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