Domestic revival still weak
Updated at 8:28 am on 30 September 2010
Latest figures indicate the domestic revival remains weak.
The pace of contraction in business lending declined slightly, with Reserve Bank figures showing that companies borrowed $72.3 billion in August, a decrease of 7% on the same month a year ago.
The pace of agricultural lending increased by 2% to $47.9 billion.
Seasonally adjusted total household lending rose more than 2% to $181.3 billion in August, but it was the lowest increase since the series began in 1991.
The rise reflects demand for housing credit, offsetting a fall in consumer financing.
Copyright © 2010, Radio New Zealand
Top Stories
More News
- National
- World
- Christchurch Earthquake
- Political
- Budget 2013
- Te Manu Korihi
- Regional
- Business
- Rural
- Sport
