Equifax Releases 2024 Global Consumer Credit Trends Report
Equifax (NYSE: EFX) has published its third annual 2024 Global Consumer Credit Trends report, analyzing consumer credit data from 10 countries including Australia, Brazil, Canada, India, Spain, and the United States. The report, powered by the Equifax Cloud™ and its custom data fabric, represents a $1.5 billion technology investment.
Key findings indicate slow recovery from high inflation across regions, with varied impacts across populations. Notable trends include:
- Australia's first cash rate reduction in 4 years
- India's mortgage lending grew 7% YoY, with non-mortgage debt up 45%
- Spain's GDP grew 0.8% QoQ and 3.2% YoY
- Canada's new mortgage originations increased 39% YoY
The report highlights steady global consumer credit demand, with consumers trending toward unsecured credit while mortgage markets show controlled recovery.
Equifax (NYSE: EFX) ha pubblicato il suo terzo rapporto annuale 2024 Global Consumer Credit Trends, analizzando i dati sul credito dei consumatori provenienti da 10 paesi, tra cui Australia, Brasile, Canada, India, Spagna e Stati Uniti. Il rapporto, supportato da Equifax Cloud™ e dalla sua struttura dati personalizzata, rappresenta un investimento tecnologico di 1,5 miliardi di dollari.
I risultati chiave indicano una lenta ripresa dall'alta inflazione in tutte le regioni, con impatti variabili tra le popolazioni. Le tendenze notevoli includono:
- La prima riduzione del tasso di interesse in Australia dopo 4 anni
- La crescita dei prestiti ipotecari in India del 7% su base annua, con debiti non ipotecari aumentati del 45%
- La crescita del PIL della Spagna dello 0,8% su base trimestrale e del 3,2% su base annua
- Le nuove originazioni di mutui in Canada aumentate del 39% su base annua
Il rapporto evidenzia una domanda globale di credito al consumo costante, con i consumatori che tendono verso il credito non garantito, mentre i mercati ipotecari mostrano una ripresa controllata.
Equifax (NYSE: EFX) ha publicado su tercer informe anual 2024 Global Consumer Credit Trends, analizando los datos de crédito al consumidor de 10 países, incluidos Australia, Brasil, Canadá, India, España y Estados Unidos. El informe, impulsado por Equifax Cloud™ y su tejido de datos personalizado, representa una inversión tecnológica de 1.5 mil millones de dólares.
Los hallazgos clave indican una lenta recuperación de la alta inflación en todas las regiones, con impactos variados entre las poblaciones. Las tendencias notables incluyen:
- La primera reducción de la tasa de efectivo en Australia en 4 años
- El crecimiento de los préstamos hipotecarios en India del 7% interanual, con deudas no hipotecarias aumentadas en un 45%
- El PIB de España creció un 0.8% trimestralmente y un 3.2% interanual
- Las nuevas originaciones de hipotecas en Canadá aumentaron un 39% interanual
El informe destaca una demanda global constante de crédito al consumo, con los consumidores inclinándose hacia el crédito no garantizado, mientras que los mercados hipotecarios muestran una recuperación controlada.
Equifax (NYSE: EFX)는 호주, 브라질, 캐나다, 인도, 스페인, 미국 등 10개국의 소비자 신용 데이터를 분석한 세 번째 연례 보고서 2024 Global Consumer Credit Trends를 발표했습니다. 이 보고서는 Equifax Cloud™와 맞춤형 데이터 구조를 기반으로 하며, 15억 달러의 기술 투자를 나타냅니다.
주요 결과는 지역별로 높은 인플레이션에서의 느린 회복을 나타내며, 인구에 따라 다양한 영향을 미칩니다. 주목할 만한 트렌드는 다음과 같습니다:
- 호주에서 4년 만에 처음으로 현금 금리가 인하됨
- 인도의 주택 담보 대출이 전년 대비 7% 성장했으며, 비주택 부채는 45% 증가함
- 스페인의 GDP는 전 분기 대비 0.8% 및 전년 대비 3.2% 성장함
- 캐나다의 신규 주택 담보 대출이 전년 대비 39% 증가함
이 보고서는 글로벌 소비자 신용 수요가 꾸준히 유지되고 있으며, 소비자들이 무담보 신용으로 기울어지는 경향을 보이고 있는 반면, 주택 담보 시장은 통제된 회복을 보이고 있음을 강조합니다.
Equifax (NYSE: EFX) a publié son troisième rapport annuel 2024 Global Consumer Credit Trends, analysant les données de crédit des consommateurs provenant de 10 pays, dont l'Australie, le Brésil, le Canada, l'Inde, l'Espagne et les États-Unis. Le rapport, soutenu par Equifax Cloud™ et son tissu de données personnalisé, représente un investissement technologique de 1,5 milliard de dollars.
Les résultats clés indiquent une lente reprise après une forte inflation dans toutes les régions, avec des impacts variés selon les populations. Parmi les tendances notables, on trouve :
- La première réduction du taux d'intérêt en Australie en 4 ans
- La croissance des prêts hypothécaires en Inde de 7 % par rapport à l'année précédente, avec une augmentation de 45 % des dettes non hypothécaires
- La croissance du PIB de l'Espagne de 0,8 % par rapport au trimestre précédent et de 3,2 % par rapport à l'année précédente
- Les nouvelles origines de prêts hypothécaires au Canada ont augmenté de 39 % par rapport à l'année précédente
Le rapport met en évidence une demande mondiale de crédit à la consommation stable, les consommateurs se tournant vers des crédits non garantis tandis que les marchés hypothécaires montrent une reprise contrôlée.
Equifax (NYSE: EFX) hat seinen dritten jährlichen Bericht 2024 Global Consumer Credit Trends veröffentlicht, der die Verbraucherkredite aus 10 Ländern, darunter Australien, Brasilien, Kanada, Indien, Spanien und den Vereinigten Staaten, analysiert. Der Bericht, unterstützt durch Equifax Cloud™ und seine maßgeschneiderte Datenstruktur, stellt eine Technologieinvestition von 1,5 Milliarden Dollar dar.
Die wichtigsten Ergebnisse zeigen eine langsame Erholung von der hohen Inflation in den Regionen, mit unterschiedlichen Auswirkungen auf die Bevölkerungen. Zu den bemerkenswerten Trends gehören:
- Die erste Senkung des Leitzinses in Australien seit 4 Jahren
- Die Hypothekenvergabe in Indien wuchs um 7% im Jahresvergleich, während die nicht-hypothekarischen Schulden um 45% zunahmen
- Das BIP Spaniens wuchs im Quartalsvergleich um 0,8% und im Jahresvergleich um 3,2%
- Die neuen Hypothekenvergaben in Kanada stiegen im Jahresvergleich um 39%
Der Bericht hebt die stetige globale Nachfrage nach Verbraucherkrediten hervor, wobei die Verbraucher zu unbesicherten Krediten tendieren, während die Hypothekenmärkte eine kontrollierte Erholung zeigen.
- Major $1.5 billion technology investment in Equifax Cloud platform
- Expansion of data analytics capabilities across 10 countries
- Strong growth in India's lending: 45% increase in non-mortgage debt
- 39% YoY increase in Canadian mortgage originations
- Positive GDP growth in Spain: 3.2% YoY
- Slow recovery from high inflation across regions
- Consumers shifting toward potentially riskier unsecured credit
Third Annual Report Provides Unique Equifax Cloud™-based Insights to Help Lenders Around the World Make More Informed Decisions and Innovate Faster
"Unique, differentiated data and analytics continues to be at the heart of our business," said Patricio Remon, President of Equifax International. "Our Global Consumer Credit Trends report continues to be unique in the breadth of insights that it provides. This extensive look at consumer credit data and inflation trends from 10 different countries is enabled by Equifax Cloud and our custom data fabric, to help our customers across the globe create more effective insights and innovate faster."
The Equifax Cloud™ is a top-tier global technology and security infrastructure backed by a more than
The 2024 report indicates that overall recovery from long periods of high inflation could be slow, with notable differences among populations and geographies. Specific inflation trends for
For example:
Australia experienced its first reduction in cash rate in four years, prompted by their Consumer Price Index reaching its target rate for consecutive quarters.- Mortgage lending in
India increased by7% year-over-year due to rising urbanization and better affordability, while non mortgage debt increased by45% due to strong economic growth. - In
Spain , the Spanish economy ended 2024 as one of the healthiest in the Euro area. Specifically, Gross Domestic Product (GDP) grew by0.8% quarter-over-quarter, and3.2% year-over-year, with the European Central Bank reducing interest rates further in Dec 2024.
Equifax data further indicated that consumer credit demand mostly remained steady globally, even as economic pressures continued to push consumers towards unsecured credit, while the mortgage market returns in a controlled manner.
- In
Canada , the overall mortgage market showed signs of recovery, with new mortgage originations rising39% year-over-year. - Demand in
Argentina continued on a positive trajectory, which had been observed since the start of 2024, in particular, with an upward trend towards the end of the year. - In
Brazil , credit demand remained stable in the fourth quarter of 2024, compared to the previous quarter.
As consumer credit markets continue to evolve around the world, understanding consumer credit behavior and inflation trends is critical. Equifax offers consumer credit perspectives from various regions, including monthly National Consumer Credit Insights in the
The complete Equifax 2024 Global Consumer Credit Trends Report can be found here.
ABOUT EQUIFAX INC.
At Equifax (NYSE: EFX), we believe knowledge drives progress. As a global data, analytics, and technology company, we play an essential role in the global economy by helping financial institutions, companies, employers, and government agencies make critical decisions with greater confidence. Our unique blend of differentiated data, analytics, and cloud technology drives insights to power decisions to move people forward. Headquartered in
FOR MORE INFORMATION:
Alexandra Packey for Equifax
mediainquiries@equifax.com
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SOURCE Equifax Inc.
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