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Home Demand Down, Credit Card Appetite Continues To Increase
The latest Quarterly Consumer Credit Demand Index for the quarter ending December 2022 shows a continuing stable trend in overall consumer enquiry volumes across 2022. However, demand remains below pre- and post-pandemic volumes, with a notable dip in home lending appetite for the last quarter of 2022.
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.
Demand for consumer credit declines by more than 70% during lockdown
AUCKLAND, New Zealand, May 7th, 2020: Research released today by Equifax New Zealand shows that consumer credit demand fell by up to 71% during the C