Liquidations are up 19% year-on-year, Centrix report says

Lower interest rates have helped individual consumers but domestic demand is still low, according to credit tracker Centrix. (Image: Getty)

Gregor Thompson

Tue, 03 Sep 2024

Liquidations continue trending upward nationwide, but consumer arrears are easing after rate cuts. That is according to a Tuesday report from credit specialists Centrix that details the extent of individual arrears on their debt and business defaults and liquidations in New Zealand.Centrix's managing director, Keith McLaughlin, said challenges will “likely persist” for consumers and businesses.Liquidations While liquidations have fallen from a high in March, on a rolling basis, they are higher than at any other time si...

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