Australian Risk Climate: Consumer Credit Demand Index Rose 4.7% over the Past Year

Posted by Joachim Bartels | May 30, 2013 | Australia, Consumer Credit Information, Credit Bureau News, Member, Member News, Veda | 0 |

Demand for consumer credit shows strongest annual growth since Global Financial Crisis

Veda, Asia-Pacific’s leading provider of consumer and commercial data intelligence and insights today revealed the results of its consumer credit demand index for the first calendar quarter of 2013. The index, which measures the change in consumer credit demand for the March quarter compared to the same period in 2012, showed that overall demand increased by 4.7% over the past year, the strongest rate of annual growth since the GFC.

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Source: Veda

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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.

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