Thursday 31st January 2013
|Text too small?|
Four in 10 people plan to raise their credit limit during the next three months as they feel more comfortable about their financial situation and contemplate major purchases.
The figure in Dun & Bradstreet's consumer credit expectations survey for the March 2103 quarter is up from one in four during the December quarter and has risen 35 percent in the past six quarters.
One in four consumers plan to make a major purchase in the March quarter, up from one in five during the December quarter last year.
"Consumers are finally beginning to show signs of spending and at the same time are experiencing more positive financial conditions," Lance Crooks, D&B New Zealand's general manager, said.
The survey found that 48 percent of New Zealanders are comfortable with their financial situation, up seven percent from the December quarter.
While 62 percent of New Zealanders do not expect to face difficulties paying off their credit accounts during the March quarter, up 7 percent quarter-on-quarter, and up 4 percent from the June quarter of 2012.
Only five percent of people expect to find it extremely difficult to meet their credit obligations.
No comments yet
China’s Assertiveness Is Becoming a Problem for Its Friends, Too
New Talisman - Chairman’s Address to AGM 2020 August 6, 2020
T&G reports its 2020 Interim Results
Gold price hits $2,000 for first time on Covid
TruScreen strengthens its market presence in central and eastern Europe
Refining NZ announces non-cash impairment
Ryman Healthcare COVID-19 update Victoria
Talisman Quarterly Activities Report to 30 June 2020
General Capital gives notice of Annual Meeting
Scales Corporation - Business Update