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Financial News: Australia Private Sector Credit Gains 0.4% In April

Australia Private Sector Credit Gains 0.4% In April

05/30/2017 - 21:45:00 (RTTNews)

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

On a yearly basis, credit was up 4.9 percent - again in line with expectations and down from 5.0 percent in the previous month.

Housing credit was up 0.5 percent on month and 6.5 percent on year, while personal credit fell 0.1 percent on month and 1.5 percent on year and business credit gained 0.4 percent on month and 3.1 percent on year.

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