Mexico | In June, the nominal annual growth of the credit was one digit and lower than May

Summary

In June 2019, the nominal annual growth rate of the balance of the current credit portfolio granted by commercial banks to the non-financial private sector was 8.4% (4.3% real). This growth rate was lower than that of the previous month (9.1%) and also to the rate of the same month of 2018 (13.4%).

Key points

• Key points:
• The annual growth of credit to companies in June was one digit (8.6%), and less than half registered in the same month of 2018 (17.7%)
• In June, the annual growth of consumer credit of 6.2% was the same to the average rate it has registered in the last twelve months
• In June, housing loans grew 10.6%, the same rate as the previous month and higher than their average rate of 9.9% in the last twelve months

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