Veda’s Consumer Credit Demand Index: Apr-Jun 2012 Shows Credit Demand has Flattened

Posted by Joachim Bartels | Jul 29, 2012 | Australia, Consumer Credit Information, Member, Member News, Veda | 0 |

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

Veda Advantage is a member of BIIA

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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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