Private sector credit growth was weak, the housing price downturn a big contributor, but prices have been making a turnaround to higher in recent months.
0.1% m/m in Nov.
- expected 0.2% m/m, prior 0.1%
and 2.3% y/y
- expected 2.4% y/y, prior 2.5%
The data is via the RBA:
Housing credit growth slower again in the month, credit to business picked up m/m.