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Home Demand Down, Credit Card Appetite Continues To Increase
The latest Quarterly Consumer Credit Demand Index for the quarter ending December 2022 shows a continuing stable trend in overall consumer enquiry volumes across 2022. However, demand remains below pre- and post-pandemic volumes, with a notable dip in home lending appetite for the last quarter of 2022.
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Consumer Credit Demand Decline Continues, with Credit Card Demand showing signs of recovery
Overall consumer enquiry volumes declined for the 4th quarter in a row, with a year-on-year reduction of 23.6% for the quarter ending June 2022.
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Demand for consumer credit declines by more than 70% during lockdown
AUCKLAND, New Zealand, May 7th, 2020: Research released today by Equifax New Zealand shows that consumer credit demand fell by up to 71% during the C