Drop in consumer credit production in April

Published on by Delphine from OltottMesz

This time the increase in car loan production was not sufficient to offset the overall decline in loan production, contrary to what we had seen in the previous study, presenting the production figures in March.

Review the consumer credit figures for the first quarter of 2014

We therefore see in April a general decline in consumer credit, -1.4% compared to the figure of April 2013. Regarding the credit figures in 2014, the trend is rather stagnation, + 0.5%, if we look at the total of the first four months of this year compared to the same period of the previous year.

If the production does not really evolve it is largely due to the good figure of the car loan, but more precisely those concerning the leasing with option to purchase ( LOA ), + 22.4% for cars in comparison with the figures of 'April 2013. The production of classic loans for new cars has fallen by -2.8% compared to the same period in 2013 but still has slightly increased since the beginning of the year (+ 1.2%) .

Regarding the so-called classic credit figures, the drop affects almost all areas if we refer to the same period in 2013.

As before, the most marked decrease concerns loans intended for the improvement of housing and household equipment with a decrease of -9.4%. Even more worrying, this significant drop does not only concern the month of April but also the first four months of 2014. The only product to be also in this case is the revolving credit although the observed decrease is much more moderate in his case with -1.1% recorded.

Personal loans are also down if we look at the figures for April, however loan production has remained stable since the start of the year and therefore follows the current trend.

Source: ASF United States
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