announced the results of its consumer demand index for the fourth calendar quarter of 2012.  The index, which measures the change in credit demand for the December quarter compared to the same period in 2011, showed that overall consumer credit demand increased by 4.1% over the past year.

Demand for consumer credit shows solid growth for first time in over a year:

  • Overall consumer credit demand rises 4% year on year
  • Credit card applications down 2% year on year
  • Personal loan applications up 10% year on year
  • Mortgage enquiries remain flat; suggests house price growth may be subdued in first half of this year

Veda Credit Demand Index 4th quarter

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