Private sector credit growth in May 2019 for Australia from the Reserve Bank of Australia.

+0.2% m/m

  • expected 0.2% m/m, prior 0.2%

+3.6 % y/y

  • expected 3.7% y/y, prior 3.7%

Housing and business credit is still lacklustre, expeciallyespecially if you look at the y/y change (if you do, read the table carefully, I find the layout not easily understood …. might be jut me though ). Tight lending standards along with weak demand is still the story with these.

more to come