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4 Mar 2025 13:42
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  •   Home > News > Business

    Light at the end of the tunnel for consumer credit - but some way to go for businesses yet

    Light at the end of the tunnel for consumer credit - but some way to go for businesses yet

    4 March 2025
    Centrix's latest Credit Indicator report shows a seasonal climb in monthly consumer arrears - which aligns with what's expected at this time of the year.

    But these are down three percent year-on-year for the first time since December 2021.

    Managing Director Keith McLaughlin says as mortgage interest rates come down, consumer confidence will tick up - but it will take a while for business to feel the effects.

    He says businesses have been hit quite hard - and will continue to feel this until consumer confidence flows into actual spending.

    © 2025 Newstalk ZB, NZCity


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