STXNEWS LATAM-Brazil corporate loan demand rises in Oct -Serasa

Reuters

Brazilian companies increased their demand for loans by 5.0percent in October from September, ending two months ofdeclines, credit research firm Serasa Experian said on Tuesday.

Demand for working capital increased in the period ascompanies looked to boost inventories ahead of the year-endholiday season, Serasa said.

Compared with October 2012, demand for corporate credit rose14.2 percent. In the year through October, corporate credit fell1.4 percent compared with the same period last year.

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