Private sector credit in Australia rose 0.3 percent month-on-month in February of 2017, faster than a 0.2 percent rise in January but below market estimates of a 0.5 percent growth. While credit for housing went up 0.6 percent (from 0.5 percent in the preceding month), those for other personal use declined by 0.1 percent (from -0.2 percent), followed by business credit (-0.1 percent from -0.4 percent). Year-on-year, private sector credit expanded 5.0 percent, slower than a 5.4 percent increase in January. . Private Sector Credit in Australia averaged 0.90 percent from 1976 until 2017, reaching an all time high of 5 percent in February of 2017 and a record low of -0.50 percent in July of 1992.
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In Australia, private sector credit refers to the month-over-month change of credit extended to the economy’s private sector for housing, personal and business expenditures. It includes securitisations. This page provides the latest reported value for – Australia Private Sector Credit – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Australia Private Sector Credit – actual data, historical chart and calendar of releases – was last updated on April of 2017.