Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Confident consumers start opening wallets

Confident consumers start opening wallets

Jan. 31 (BusinessDesk) - 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.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Price Of Cheese: Dairy Product Prices Fall To The Lowest This Year

Dairy product prices fell in the latest GlobalDairyTrade auction, hitting the lowest level in the 2015 auctions so far, as prices for milk powder and butter slid amid concern about the outlook for commodities. More>>

ALSO:

Houston, We Have An Air Route: Air New Zealand To Fly Direct To The Heart Of Texas

Air New Zealand will fly its completely refitted Boeing 777-200 aircraft between Auckland and Houston up to five times a week opening up the state of Texas as well as popular nearby tourist states such as Louisiana and Florida. More>>

ALSO:

Scoop Business: Reserve Bank’s Spencer Calls On Govt To Rethink Housing Tax

The Reserve Bank has urged the government to take another look at a capital gains tax on investment in housing, allow increased high-density development and cut red tape for planning consents to address an over-heated Auckland property market. More>>

ALSO:

The Nation: Call For Cross-Party Auckland Housing Plan

Penny Hulse calls for cross-party accord on Auckland housing because “it’s too important to score political points on”. More>>

ALSO:

Flu Season: Overcoming Vaccination Reluctance

While research shows that 40% of New Zealand businesses offer free or subsidised flu vaccinations to employees this time of year, HR professionals say persuading staff to participate is the biggest challenge. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news