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Financial News: Australia Private Sector Credit Adds 0.3% In November

Australia Private Sector Credit Adds 0.3% In November

12/30/2018 - 19:46:00 (RTTNews)

(RTTNews) - Private sector credit in Australia was up 0.3 percent on month in November, the Reserve Bank of Australia said on Monday - in line with expectations and slowing from 0.4 percent in October.

On a yearly basis, private sector credit advanced 4.4 percent - again matching forecasts and slowing from 4.6 percent in the previous month.

Housing credit was up 0.3 percent on month and 4.9 percent on year, while personal credit sank 0.3 percent on month and 1.7 percent on year and business credit gained 0.5 percent on month and 4.4 percent on year.

Broad money was flat on month and up 1.9 percent on year.

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