Centrix Releases Credit Indicator Report for the Month of August 2023

Posted by Joachim Bartels | Sep 4, 2023 | ! Homepage Slider, ! Recent Country News, BIIA News from Asia Pacific, Breaking News, Centrix Group, Consumer Credit Information, Credit Bureau News, Credit Information, Credit Scoring & Decision System, Insights, Member News, New Zealand, Trends, Uncategorized | 0 |

Centrix is New Zealand’s credit bureau. Every month Centrix releases the ‘Credit Indicator Report’ which analyses New Zealand’s credit data, focusing on emerging trends and their possible impacts. This report is valuable for gaining an understanding of the current economic climate and consumer confidence. We hope you find it insightful.

August highlights are as follows:

Consumer credit demand is up 10% on this time last year.
Mortgage arrears fell for the 2nd month running but are up 31% year-on-year.
New mortgage borrowing is down just 2% on last year, signaling that the housing market downturn is running out of steam.
The number of people behind on their payments has risen to 426,000, up 12,000 month-on-month.
Business credit defaults are up 38% and company liquidations are up 36% year-on-year.

VIEW FULL REPORT HERE: Centrix Credit Indicator August 2023

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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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