Australia Private Sector Credit for October: 0.1% m/m (expected 0.3%)

Author: Eamonn Sheridan | Category: News

Private sector credit growth has been very weak, the down turn for housing a big contributor. 

0.1 % m/m in October, a miss despite RBA rate cuts  
  • expected 0.3% m/m, prior 0.2%
and 2.5% y/y
  • expected 2.7% y/y, prior 2.7%
The data is via the RBA:

Australia Private Sector Credit for October 2019
Huh. Housing credit steadying and rising on the month, but check out personal credit and business credit. Both down m/m. 

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