Australian Risk Climate: Veda’s Business Credit Demand Index Confirms Strong Recovery of Credit Applications

Posted by Joachim Bartels | Feb 28, 2012 | Australia, Member News, Uncategorized, Veda | 0 |

Veda released on February 23, 2012 the results of the October to December 2011 Business Credit Demand Index, which confirmed a strong recovery in the rate of credit applications by businesses since 2010.

Business credit enquiries into the Veda bureau across business loans, asset finance and trade credit increased 7.3% year-on-year and 3.6% for the full calendar year in 2011. Trade credit demand also saw a surge for the December quarter, up 7% versus the same period in 2010, but showing overall flatter growth levels of 0.7% for the full calendar year.

Source: Veda Australia To read the full story click on the link

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Joachim Bartels

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