| Overall commercial credit demand fell as market conditions vary between state.
Insolvencies continue to rise, with December marking a 5-year high. Highlights include: · Overall business credit applications reduced by -0.9% (vs December quarter 2022) · Business loan applications decreased by -4.1% (vs December quarter 2022) · Trade credit applications fell by -0.4% (vs December quarter 2022) · Asset finance applications increased by +8.9% (vs December quarter 2022) If you would like a copy of the full report please contact us at [email protected] |
