Mexico | In May, the growth of credit was one digit

In May 2019, the nominal annual growth of the balance of the current credit portfolio granted by commercial banks to the non-financial private sector was one digit and amounted to 9.1% (4.6% real). This growth was lower than that of the immediately previous month (10.3%) and was also lower than that of May 2018 (13.4%).

Key points

• Key points:
• In May, the annual growth of credit to companies was one digit, which did not happen since February 2015
• The annual growth of consumer credit in May (6.1%) was within the average range recorded in the last twelve months (6.3%)
• Housing loans grew for the third consecutive month at a double digit rate: 10.5%

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