Brazil Credit Discomfort Index Eases Slightly, Remains Near Record High

FGV's Credit Discomfort Index (IDC) fell to 0.959 in June from 0.983 in May, driven by a marginal improvement in credit quality (24.5% vs 24.8%). The index remains near record levels, indicating persistent stress in Brazilian credit conditions. This suggests ongoing tightness in consumer credit, which may weigh on consumption and economic growth.