During the forecast period, wage levels are expected to continue adjusting to the higher cost of living. Consumer confidence is anticipated to improve driving demand for consumer credit, although the pace of value growth in terms of outstanding balances and gross lending is expected to slow compared to the review period.
Auto lending is likely to moderate over the forecast period with performance staying behind other categories. Some recovery in gross lending is expected over the forecast period, but car lending will likely play a smaller role within consumer credit.
The stricter lending guidelines for home loans in 2023 has caused consumers to look for other alternatives to consumer credit, with many embracing more creative solutions. Consumers are increasingly turning to banks abroad, mostly in Germany, which is a more unusual strategy.
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Understand the latest market trends and future growth opportunities for the Consumer Credit industry in Austria with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Consumer Credit industry in Austria, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Consumer Credit
Non-mortgage consumer debt extended to individuals for personal or household use including installment loans and credit cards. Examples of consumer credit include auto lending, card lending, durables lending, education lending, home lending and other personal loans. Consumer credit includes both revolving and non-revolving credit.
See All of Our DefinitionsThis report originates from Passport, our Consumer Credit research and analysis database.
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