Australia Private Sector Credit for October: 0.1% m/m (expected 0.3%)
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:
Huh. Housing credit steadying and rising on the month, but check out personal credit and business credit. Both down m/m.