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Business Credit Demand up 3% during the September 2022 quarter
Business credit demand has been relatively soft since the August 2021 lockdown, however commercial lending appetite has been steadily improving since the start of 2022 and is slowly nudging towards pre-pandemic levels.
Business Credit Demand down 12% during the June 2022 quarter, Business Loans below 2020 lockdown levels
Overall business credit demand is down year-on-year for the 4th consecutive quarter, and remains below pre-COVID volumes.
Consumer Credit Demand Decline Continues, with Credit Card Demand showing signs of recovery
Overall consumer enquiry volumes declined for the 4th quarter in a row, with a year-on-year reduction of 23.6% for the quarter ending June 2022.