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Australia November Private Sector Credit +0.3%

RBA 101910

Overall private sector credit in Australia was up a seasonally adjusted 0.3 percent in November compared to the previous month, the Reserve Bank of Australia said on Tuesday.

That was unchanged from the previous month, although it came in below expectations for an increase of 0.4 percent.

Among the individual components, housing credit was unchanged at 0.5 percent. Personal credit was flat after dipping 0.1 percent in October. Business credit eased 0.1 percent after adding 0.1 percent in the previous month.

The M3 money stock was unchanged at 0.6 percent, while broad money eased to 0.5 percent from 0.6 percent a month prior.

On a yearly basis, private sector credit gained 3.8 percent - also shy of forecasts for 3.9 percent but up from 3.5 percent in October.

By component, housing credit climbed 5.1 percent after rising 4.6 percent in October. Personal credit added 0.8 percent after shedding 0.6 percent in the previous month. Business credit gained 1.9 percent after rising 2.5 percent a month earlier.

The M3 money stock spiked 6.6 percent, slowing from 7.4 percent in the previous month. Broad money climbed 5.8 percent, slowing from 6.7 percent in October.

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