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14 Aug 2022 23:43
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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
     14 Aug: New Zealand Rugby boss Mark Robinson is refusing to shed any light on the future of coach Ian Foster
     14 Aug: A warning to Kiwi investors about the dangers of misleading cryptocurrency offers
     14 Aug: Despite ongoing lockdowns, China's demand for beef is expect to stay strong for the rest of the year
     13 Aug: A milestone birthday for our Interislander ferry service
     12 Aug: A glimmer of hope the price of grocery bills may eventually start to ease off
     12 Aug: An Auckland real estate agent has been jailed for two years for defrauding two businesses out of more than half a million dollars
     12 Aug: Foodstuffs is extending its price rollback on key products for another three months
     Top Stories

    RUGBY RUGBY
    New Zealand Rugby boss Mark Robinson is refusing to shed any light on the future of coach Ian Foster More...


    BUSINESS BUSINESS
    New Zealand Rugby boss Mark Robinson is refusing to shed any light on the future of coach Ian Foster More...



     Today's News

    Law and Order:
    Search teams in Rotorua are reviewing their next steps after still finding no sign of missing kayaker Gregory Flavell 21:49

    Accident and Emergency:
    One person has died in a crash on Kopu-Hikaui Road, near the Tairua River Bridge on Coromandel Peninsulaar 21:29

    International:
    Three lion cubs born in Nama zoo are a rare, joyous sight in war-scarred Gaza 21:09

    Politics:
    A political commentator thinks Sam Uffindell hasn't had any consequences for his past actions 18:59

    Politics:
    A New Zealand psychologist says we need smart solutions to tackle youth crime 18:39

    Environment:
    French climate activists fill golf course holes with cement, protesting against water ban exemption amid drought 18:09

    Business:
    New Zealand Rugby boss Mark Robinson is refusing to shed any light on the future of coach Ian Foster 18:09

    Rugby:
    North Harbour lead Manawatu in the second half of their NPC outing in Auckland 17:29

    Cricket:
    The Black Caps look unshakeable heading into their final dead rubber twenty20 against the West Indies tomorrow morning 17:09

    Law and Order:
    Auckland have survived against a valiant Southland outfit for a 24-23 NPC victory in Invercargill 16:49


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