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Asian Economic News

Australia Private Sector Credit Gains 0.4% In September

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Private sector credit in Australia was up 0.4 percent on month in September, the Reserve Bank of Australia said on Monday - in line with expectations and unchanged from the previous month.

On a yearly basis, credit advanced 5.4 percent - shy of forecasts for 5.5 percent and slowing from 5.8 percent in the previous month.

Individually, housing credit was up 0.5 percent on month and 6.4 percent on year, while personal credit eased 0.1 percent on month and 1.3 percent on year and business credit added 0.2 percent on month and 4.7 percent on year.

The M3 money stock was flat on month and up 5.7 percent on year, while broad money also was unchanged on month and up an annual 5.8 percent.

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