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Australia Private Sector Credit Steady At +0.4% In February

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

Total credit to the private sector in Australia was up 0.4 percent on month in February, the Reserve Bank of Australia said on Monday - unchanged from the rate in January.

On a yearly basis, private sector credit climbed 4.3 percent - accelerating from 4.1 percent in the previous month.

Housing credit was up 0.5 percent on month and 5.8 percent on year, while personal credit eased 0.2 percent on month and gained 0.7 percent on year. Business credit was up 0.4 percent on month and 2.4 percent on year.

The M3 money stock added 0.7 percent on month and 7.3 percent on year.

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