February 29, 2024 14:56 GMT
MNI Chicago Survey™: Majority see Conditions Having No Impact on Borrowing
US DATA
The Chicago SurveyTM also asked firms “How have changes in financial conditions affected your access to borrowing?”
- The majority (55%) said it has had ‘no impact’, whilst 24% reported they are ‘not looking to utilize credit at present’, 10% are ‘experiencing difficulties with tighter credit conditions, while a further 10% are ‘winding down borrowing due to higher costs’.
- We last asked this question in August 2023. The proportion of respondents expressing "No impact" rose from 40% to 55%, whilst those "experiencing difficulties with tighter credit conditions" reduced from 16% to 10%.
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