Credit application growth shows NZ economy picking up, says Veda

Wed, 23 Jan 2013

Jan. 23 (BusinessDesk) – Mortgage applications rose nearly 20 percent in December from a year ago and people are also taking out more personal loans, in what personal credit rating agency Veda says proves the economy is recovering. Veda sees 98 percent of all credit applications and says it sees evidence of a revitalised credit cycle and indicates New Zealanders are increasingly confident about the economy. “We can talk ourselves out of feeling good or we can read the numbers – and I say the New Zealand economy is picking up and New Zealander...

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