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 are delighted to be able to share it with you and hope you find it insightful.

November highlights are as follows:

  • 75% of credit providers reported higher arrears in October compared to September 2022. Just over 11% of credit active Kiwis are behind on their repayments, with 4.2% past due by 30+ days.
  • Buy Now Pay Later enquiries have risen with Black Friday sales and the festive shopping season approaching.
  • New mortgage borrowing is down 36% on last year, however the rate of decline is easing as more first home buyers enter the property market.
  • Hospitality credit ratings have improved in November as the return of international tourism and arrival of summer lifts customer activity.

VIEW FULL REPORT HERE [Link to Centrix November Credit Report:  Centrix Credit Indicator_November2022