Centrix credit indicator July 2023

1 min read
August 1, 2023

Every month Centrix releases the ‘Credit Indicator Report', which analyses New Zealand's credit data, focusing on emerging trends and their possible impacts.

This report helps paint a picture of the current economic climate and consumer confidence. 

The July Credit Indicator shows an improvement in consumer credit arrears. Meanwhile, company liquidations are continuing to rise, particularly in the building, retail, and manufacturing sectors.


July 2023 highlights are as follows: 

  • The number of people that are behind on their payments has improved to 414,000.
  • Mortgage delinquencies fell slightly in June but are still up 34% year-on-year.
  • Consumers under the age of 25 are among those hit hardest by the cost-of-living crisis.
  • Company liquidations are continuing to rise, up 36% year-on-year.



Centrix update at August Consumer Engagement Committee meeting

Centrix's Chief Operating Officer Monika Lacey will be giving an update at the FSC's next Consumer Engagement Committee meeting on Tuesday 8 August 2023.

If your organisation is not yet represented on this Committee and you would like to nominate a representative to contribute as we begin to plan for an upcoming consumer initiative in Q4, please get in touch with the team.

Centrix Data Sources

Centrix source their data from a wide range of sources, including all the major trading banks, finance companies, Buy Now Pay Later (BNPL) providers, telcos, utility providers, and other businesses. They have the most comprehensive account payment data and credit information - covering 95% of New Zealanders as well as most credit-active companies.