New Centrix data: Economic momentum or are we just borrowing and spending less?…

New Centrix data: Economic momentum or are we just borrowing and spending less? | Ryan Bridge TODAY <!--mynz:youtube-chapters--> {"v":1,"chapters":[{"timeSeconds":1,"label":"New Centrix Data Released","summary":"New data from Centrix shows a decrease in consumer debt repayments, reaching a four-year low. This indicates a potential shift in economic behavior."},{"timeSeconds":17,"label":"Consumer Arrears Drop Significantly","summary":"The number of consumers in arrears on their debt payments has fallen to 432,000. This is an 11,000 decrease from the previous period."},{"timeSeconds":26,"label":"89,000 People Overdue on Debt","summary":"Despite the overall drop, 89,000 people are still more than 90 days overdue on their debt payments. Many of these individuals are renters."},{"timeSeconds":36,"label":"Credit Demand Decreases","summary":"Overall credit demand has fallen by 5.3% year-on-year. This suggests households are becoming more cautious about taking on new debt."},{"timeSeconds":55,"label":"Arrears at a Four-Year Low","summary":"Managing Director Keith McLaughlin states that arrears are at a four-year low, indicating households are managing their budgets better."},{"timeSeconds":107,"label":"Improved Household Budget Management","summary":"McLaughlin suggests that households are managing their budgets more effectively, leading to fewer arrears and more disposable income."},{"timeSeconds":127,"label":"Mixed Economic Signals","summary":"While overall arrears are down, credit card arrears have increased, suggesting mixed signals for New Zealand's economy."},{"timeSeconds":210,"label":"Regional Differences in Arrears","summary":"There are regional differences in arrears, with areas like Tasman and South Canterbury showing lower rates compared to others."}]} <!--/mynz:youtube-chapters-->