It seems that the Italian credit sector shows some timid positive signals, which could be the prologue to a definitive improvement able to push it to perform its function as a stimulus to the real economy in a more precise manner. During the month of October 2014, in fact, to the growth of the demand for loans, it would also have kept behind that of the average amounts requested.

The data is confirmed by the Consumer Credit Observatory of bankate and Viloan, witnessing a 14% growth trend, which improves the figure recorded by the previous survey, when the trend data stopped at + 8%. In fact, in October, the average demand was around 13 thousand USD, compared to 10 thousand a year ago, with a growth of 22% in twelve months. Data that have been received with a certain satisfaction by analysts and financial operators, even if the perception of a datum that must be taken with the springs is always present, waiting for a consolidation of the current trend.

Financial base

Financial base

The basis of the Crif ‘s research is the approximately 40 thousand loan applications made between April and September 2014 and suggests an increase in the amounts requested in conjunction with the decrease in the financial base with which it aims to return the requested figures, as a result of average salaries that go from 1700 USD a year to around 1500 today. As a result of this data, the time needed for the restitution is extended, now reaching sixty-six months, three more than the survey a year ago.\

As can be easily understood, these are data that must be interpreted. On the one hand, the return to a supply capacity by the credit system that in the last few years had become not a little restricted, with often lacking resources necessary for the real economy, especially that of families and businesses, can be greeted with some satisfaction. 

On the other hand, we highlight the criticality signaled by the increase in the requested figures and the decrease in resources available to those who must honor the contracted debt. Spy of a malaise that is now evident in a society like the Italian one which has seen its financial resources significantly reduced, above all due to the budget policies pursued by governments over the last few years. Policies that have caused the sliding of large sectors of our society downwards, with a dangerous impoverishment of the middle class and the concentration of wealth in the highest layer.

Loan economy

Loan economy

A trend that does not seem destined to be reversed in the short term, especially if the economic crisis triggered by the explosion of the subprime mortgage bubble will not leave the field to economic recovery, which in any case will not happen before the second half of 2015, according to forecasts also arrived from Confindustria. Precisely for this reason, the easing of the credit crunch could prove to be a factor of stability for many families, put in great difficulty by the ongoing welding between crisis and rising levels of unemployment in progress.

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