Australia Private Sector Credit (October )

Private Sector Credit +0.7% m/m,

  • expected +0.6%, prior was +0.7%, revised from +0.8%

Private Sector Credit +6.7% y/y,

  • expected 6.6%, prior was 6.7%

-

Credit to housing +0.6% in October (prior +0.6%)

  • +6.7% y/y

Credit to business +1.0% m/m in October (prior +1.1%)

  • +6.6% y/y

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On Housing credit:

  • y/y investor housing credit growth is at +9.7%. This is the slowest since August of 2014