Equifax Article: Consumer Credit Demand Decline Eases

CONSUMER CREDIT DEMAND DECLINE EASES. MORTGAGE ENQUIRIES SHOW POSITIVE GROWTH

Equifax Quarterly Consumer Credit Demand Index: Dec 2019

Overall consumer credit applications down -7.3% (vs Dec quarter 2018). Credit card applications declined by -9.9% (vs Dec quarter 2018) and personal loan applications dropped by -5.3% (vs Dec quarter 2018)

Mortgage enquiries increased by +12.6% (Vs Dec quarter 2018), continuing trend from previous quarter.

Equifax Quarterly Consumer Credit Demand Index: Dec 2019

Overall consumer credit applications down -7.3% (vs Dec quarter 2018).

Credit card applications declined by -9.9% (vs Dec quarter 2018)
Personal loan applications dropped by -5.3% (vs Dec quarter 2018)

Mortgage enquiries increased by +12.6% (Vs Dec quarter 2018), continuing trend from previous quarter.

Source: https://www.equifax.com.au/knowledge-hub/news-and-media/consumer-credit-demand-decline-eases-mortgage-enquiries-show-positive-growth