Businesses Lean on Revolving Credit Amidst Rising Financial Stress
Additionally, it highlights growing financial stress in the industrial and financial trades.
- Additionally, it highlights growing financial stress in the industrial and financial trades.
- By contrast, during the same period, credit card balances grew by 15 per cent, while lines of credit showed an 11 per cent increase.
- The industrial and financial trades are also showing signs of financial stress.
- “The persistent rise in early delinquency rates in these trades suggests that businesses are struggling to meet their financial obligations,” he explained.