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15 Aug 2022 13:26
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  •   Home > News > Business

    A lack of consumer confidence is taking a bite out of demand for credit

    A lack of consumer confidence is taking a bite out of demand for credit


    Centrix data shows lending demand in June was lower for the commercial and business sectors.

    Correspondingly, it means missed home loan payments are also down.

    Managing Director Keith McLaughlin says there's a major factor at play.

    He says if people don't have confidence in their ability to repay a loan, they won't borrow it.

    © 2022 Newstalk ZB, NZCity

     Other Business News
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     15 Aug: NZ Rugby boss defends lack of certainty about All Blacks coach's future
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     Top Stories

    RUGBY RUGBY
    All Blacks coach Ian Foster expects to get endorsed to lead the team to the next World Cup, starting next September More...


    BUSINESS BUSINESS
    Restaurants say the commission charged for food delivery can make it impossible to turn a profit More...



     Today's News

    Entertainment:
    Anne Heche's ex James Tupper has broken his silence to pay tribute to the actress by sharing an image of her hugging their son 13:12

    Law and Order:
    Three youths have been arrested, after an air rifle was apparently used in a liquor store robbery on Auckland's North Shore 13:09

    International:
    Freya the boat-climbing walrus euthanased by Norwegian authorities 12:59

    Cricket:
    A close defeat in a dead rubber hasn't dented the Black Caps' confidence 12:49

    Living & Travel:
    The Loop: Sydney Airport hit with delays, fears of threat to FBI after Trump raid, and a Cameron Smith penalty — as it happened 12:49

    Entertainment:
    Steven Seagal has hailed himself a "diplomat" during an appearance on Russian state media to defend his visit to a prisoner of war camp where Ukrainian inmates were last month burned to death 12:42

    Entertainment:
    Anne Heche's heart is being kept beating after the actress was dec lared brain dead and legally dead so her organs can be kept functioning and harvested for donation 12:12

    Rugby:
    All Blacks coach Ian Foster expects to get endorsed to lead the team to the next World Cup, starting next September 12:09

    Health & Safety:
    Manchester City bans sunscreen at Etihad Stadium, shocking cancer charity 12:09

    Entertainment:
    Anne Heche has died days after being involved in a fiery car crash 11:42


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