Consumer loans see record fall in March on virus fallout
Data suggests that weaker consumption sentiment is starting to show
Add BT as a preferred sourceSingapore
CONSUMER loans registered its sharpest fall on record over a big shrinkage in unsecured personal loans in March, fresh data from the Monetary Authority of Singapore (MAS) showed on Thursday.
This comes even as loans to businesses continue to grow steadily amid the novel coronavirus fallout, with analysts suggesting that weaker consumption sentiment is starting to show as fears of a deeper recession and job losses loom ahead.
TRENDING NOW
Johor property old hand KSL readies family handover amid market boom
Seatrium eyes S$28 billion in project opportunities amid global race for energy security
China targets offshore billions in biggest crackdown in decades
Trek 2000 shares jump 41.5% after Osim founder Ron Sim drops claims, sells 7.3% stake to Azure Capital
