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

 

Scoop Business: PayPal Stops Processing Mega Payments; NZX Listing Still On

PayPal has ceased processing payments for Mega, the file storage and encryption firm looking to join the New Zealand stock market via a reverse listing of TRS Investments, amid claims it is not a legitimate cloud storage service. More>>

ALSO:

Housing Policy: Auckland Densification As Popular As Ebola, English Says

Finance Minister Bill English said calls by the Reserve Bank Governor for more densification in Auckland’s housing were “about as popular in parts of Auckland as Ebola” would be. More>>

ALSO:

Crown Accounts: NZ Government Deficit Smaller Than Expected In First Half

The New Zealand government's operating deficit was smaller than expected in the first six months of the financial year, as the consumption and corporate tax take rose ahead of forecast in December, having lagged estimates in previous months. More>>

ALSO:

Fruit & Veg Crackdown: Auckland Fruit Fly Find Under Investigation

The Ministry for Primary Industries (MPI) is investigating a find of a single male Queensland fruit fly in a surveillance trap in the Auckland suburb of Grey Lynn... MPI has placed legal controls on the movement of fruit and some vegetables outside of a defined circular area which extends 1.5km from where the fly was trapped in Grey Lynn. More>>

ALSO:

Scoop Business: Westpac NZ Reaches $2.97M Swaps Settlement

Westpac Banking Corp’s New Zealand unit has agreed to pay $2.97 million in a settlement with the Commerce Commission over the way the bank sold interest rate swaps to farmers between 2005 and 2012. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news