Consumer credit granted in June suffered a slowdown. There was a 6.2% drop in the number of new contracts compared to May, according to data from the Bank of Portugal.

In total, families applied for €633 million in consumer loans in June, 46 million less than in the previous month.

The drop occurred in the various categories of consumer credit.

But above all in personal loans and car purchase loans.

Compared to June last year, this type of loan also fell, but by 0.6%.

Original Story: RTP
Image: Sprinno, CC0, via Wikimedia Commons
Edition and Translation: Prime Yield