Data from the RBA,

Private Sector Credit for February

  • +0.4% m/m vs. expected 0.3%, prior 0.3%
  • +2.8% y/y vs. expected 2.6%, prior 2.5%

Data from the RBA, Private Sector Credit for February+0.4% m/m vs. expected 0.3%, prior 0.3%+2.8% y/y vs. expected 2.6%, prior 2.5%

That +0.9% m/m for business credit is encouraging, but of course this was before the crisis hit.

more to come