Trade Credit

Business credit demand moderates in September quarter

Tuesday, 7 November, 2023 - 13:06

Business credit demand stabilised, down -1.2% year on year in the September quarter of 2023, following a strong June quarter 2023 result. Overall demand has steadied, with solid demand growth in the Accomodation and Food Services sector, offset by some softness in the Construction sector.

Positive signs of recovery as business credit demand grows

Thursday, 3 August, 2023 - 00:00

Business credit demand grew +6.3% year on year in the second quarter of 2023, the biggest increase in two years. This is a positive sign for NZ businesses and the economy as demand returns to pre-pandemic volumes. According to Equifax, asset finance (+13.2%) and business loans (+7.2%) were the largest contributors to the June quarter increase, with trade credit relatively soft (+1.1%) year on year. This is a strong turnaround from previous quarters.

Business credit demand softens amid economic headwinds

Thursday, 27 April, 2023 - 09:56

Business credit demand fell -6.6% year on year in the first quarter of 2023, with demand across all commercial credit types below pre-pandemic levels. Demand is now at its lowest level since the initial lockdown in H1 2020, with a greater than average seasonal dip and severe weather events contributing  to the decline. 

Business Credit Demand in Negative Territory During the Q4 2022 quarter

Friday, 3 February, 2023 - 08:54

Overall business credit demand was down -1.7% year-on-year in the December 2022 quarter. 


Business Credit Demand up 3% during the September 2022 quarter

Wednesday, 26 October, 2022 - 15:32

Business credit demand has been relatively soft since the August 2021 lockdown, however commercial lending appetite has been steadily improving since the start of 2022 and is slowly nudging towards pre-pandemic levels.

Business Credit Demand down 12% during the June 2022 quarter, Business Loans below 2020 lockdown levels

Tuesday, 30 August, 2022 - 06:00

Overall business credit demand is down year-on-year for the 4th consecutive quarter, and remains below pre-COVID volumes.