Another mixed bag when it comes to the state of Kiwis' finances
Another mixed bag when it comes to the state of Kiwis' finances
6 May 2025
Centrix's April Credit Indicator shows mortgage arrears rose to 24-thousand last month, and are 7-percent higher than March last year - despite falling interest.
Consumers' overdue payments also saw a seasonal climb.
Managing Director Keith McLaughlin says personal loan arrears are back in double digits after over a year, and business liquidations are rising.
He says while businesses are balancing their books better, they're still very reliant on consumer confidence and spend.
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