The results of Veda’s Consumer Credit Demand Index for the second quarter of 2012 show that overall consumer credit demand has flattened (+0.1%), but this is an improvement from more severe weakness seen in the March quarter (-4.4%). Veda is Asia Pacific’s leading provider of consumer and commercial data intelligence and insights.
Overall consumer credit demand fell slightly in the June quarter, and was flat over the financial year ended 30 June. The June quarter result was driven by a drop in credit card applications, partially offset by a small rise in personal loan applications.
Source: Veda Advantage