CONSUMER CREDIT
Charge Accounts Up 17 p.c. Charge account sales in the first quarter of 1961 were 17 per cent higher than in the; same period of 1960, according to the restricted survey of: consumer credit conducted by j the Department of Statistics. Hire purchase sales rose 10 per cent Instalment sales fell 16.5 per cent and cash sales fell 2.2 per cent. An analysis of hire purchase trading based on the: same survey reveals that,; compared with the December quarter, 1960, the percentage; of cash deposit payments to; total value of goods sold has: dropped to 8.6 per cent, from; 9.3 per cent, in the case ofi personal and household goods, but increased from 41.7 to 45.2 per cent for motor vehicles. >
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Bibliographic details
Press, Volume C, Issue 29570, 20 July 1961, Page 17
Word Count
123CONSUMER CREDIT Press, Volume C, Issue 29570, 20 July 1961, Page 17
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