Consumer credit health has deteriorated further, according to the TransUnion SA consumer credit index
Consumer credit health deteriorated further in the third quarter, albeit at a more moderate pace, amid high inflation and interest rates, data from the latest TransUnion SA consumer credit index showed.
The CCI fell by one point in the third quarter to 48 from 49 in the second quarter, according to a reading released on Tuesday. The index measures the health of consumer credit, with 50 being the midway point between improvement and deterioration...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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