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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.
Business Credit Demand down 9.2% during the March 2022 quarter
Business credit demand continued to be soft, declining for the third consecutive quarter, with a 9.2% reduction in overall business credit enquiries year-on-year for the March 2022 quarter.