Australian Credit Climate: Consumer Credit Demand Flattens

Posted by Joachim Bartels | Aug 19, 2012 | Australia, Business Information, Consumer Credit Information, Credit Information, Credit Scoring & Decision System, Marketing & Sales Information, Member, Member News, Veda | 0 |

Veda’s Consumer Credit Demand Index shows that overall consumer credit demand has flattened (+0.1%), but this is an improvement from more severe weakness seen in the March quarter (-4.4%). Veda is Asia Pacific’s leading provider of consumer and commercial data intelligence and insights.

Overall consumer credit demand fell slightly in the June quarter, and was flat over the financial year ended 30 June. The June quarter result was driven by a drop in credit card applications, partially offset by a small rise in personal loan applications.

To read the full story click on the link: Veda’s Consumer Credit Demand Index

About The Author

Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

The BIIA library is approaching 10,000 news items and best demonstrated practices. BIIA members receive regular news alerts on key developments in the industry and the regulatory environment. The BIIA readership is widespread: between 4 to 5 thousand unique visitors access BIIA.com per month.