29 Apr 2017

Businesses expect borrowing to become more difficult

11:46 am on 29 April 2017

The latest business survey indicates credit is becoming harder to get.

People are feeling wealthy because their houses are said to be worth a lot more, said BERL chief economist Ganesh Nana.

Photo: 123RF

The ANZ Business Outlook for April shows 38-percent of businesses expect better times ahead, although some are finding it harder to borrow money.

ANZ economist Phil Borkin, says 30-percent of businesses think it will become more difficult to get credit.

"Firms are noting - it's not a new thing, and it's been the case on for a few months now - that getting access to credit is more of a challenge

"And we think that's something that we think is going to become more and more of a topic over the next little while given some funding pressures in the banking system.

"So that can potentially become a headwind to growth, but again, firms are not saying that it's biting at this stage it's just something that they're noting."

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