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Speaker 1: Economy. What can I tell you our good news? Consumer

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Speaker 1: credit demands up over eight percent year on year. New

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Speaker 1: mortgage lending's up thirty four percent, four hundred ninety one thousand.

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Speaker 1: Other side of the coin four hundred and ninety one

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Speaker 1: thousand behind on loans. Company liquidations also up sixteen percent.

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Speaker 1: Monica Lacey, Centric, Chief operating Officer, back with US Monica morning.

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Speaker 1: What would you call this? Would you call this a

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Speaker 1: mixed report or not?

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Speaker 2: Look, I think overall things are definitely starting to trend

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Speaker 2: in the right direction. Consumer areas have been down to

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Speaker 2: consecutive months now year on year, which is a really

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Speaker 2: good sign. But we're still seeing some volatility months to months,

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Speaker 2: so you know, we're not quite throw it yet, but

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Speaker 2: we're certainly heading in the right direction.

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Speaker 1: The liquidations I don't worry about, not that it's not

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Speaker 1: bad news, but I mean that's very The liquidation's a

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Speaker 1: tail end of what's been in the past, isn't it.

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Speaker 2: Yeah? Correct, I think there's a really long chain of

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Speaker 2: tidy out that and then Revenue Department's going through at

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Speaker 2: the moment, so it it's definitely not a recent indicator,

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Speaker 2: right those areas.

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Speaker 1: What does that tell us not that that's ninety days, right,

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Speaker 1: you're in areas officially if it's ninety days or more. Year.

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Speaker 2: Our report talks about areas at any state, so you

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Speaker 2: can do well, well, no, what I do?

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Speaker 1: Oh, for goodness sake, that's just a few disorganized people.

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Speaker 2: No. So look, so what we expect at this time

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Speaker 2: of year of season nowaday. So we've come through Christmas,

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Speaker 2: which is a really extensive time for a lot of families.

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Speaker 2: So you've got obviously you know, Christmas holidays, families forking

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Speaker 2: out for kids going back to skill. So we would

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Speaker 2: expect to see as we have that areas Heaven Cristus month.

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Speaker 2: But we're still down on last year by almost a percent,

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Speaker 2: So that's fantastic news. The latest stage areas, which is

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Speaker 2: what you're talking about the ninety days past Joe, we're

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Speaker 2: sitting at about ninety four thousand people there and any

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Speaker 2: time over Joe is about four hundred and ninety one thousand.

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Speaker 2: So overall Kiwis are managing their money quite well.

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Speaker 1: That's encouraging this new lending. How much of it's new

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Speaker 1: new versus you know, we're swapping banks for cash backs, A.

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Speaker 2: Lot of it's slopping So I did see something yesterday

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Speaker 2: about first time buyers being really acted lately, which is

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Speaker 2: fantastic to see. But our data is definitely demonstrating that

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Speaker 2: we are seeing a lot of refinancing going on. And

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Speaker 2: you know, as we all know, there's been a lot

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Speaker 2: of quite gealing offers out there from the bank, so

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Speaker 2: great to see competition working in people moving around.

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Speaker 1: What's your sense of this, Moniker? Going forward? Are we

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Speaker 1: in recovery? Is this a decent year? Should we buckle

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Speaker 1: up and get ready for some good times?

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Speaker 2: I think things are starting to turn. I'm just not

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Speaker 2: clear on how quickly or we will when you know,

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Speaker 2: and what that's going to look like. And there's definitely

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Speaker 2: the sentiment I'm getting from the market. So there's a

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Speaker 2: lot of different economic indicators that are pointing in the

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Speaker 2: right direction, but we still get a few wobbles here

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Speaker 2: in the long made the good news continue here.

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Speaker 1: Here weldn appreciate it very much. Monica Lacy, who's the

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Speaker 1: Centric chief operating officer. For more from the Mike Asking Breakfast,

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Speaker 1: listen live to news talks there'd be from six am weekdays,

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