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Financial News: Australia Private Sector Credit Eases 0.1% In July

Australia Private Sector Credit Eases 0.1% In July

08/30/2020 - 21:45:00 (RTTNews)

(RTTNews) - Total private sector credit in Australia was down 0.1 percent on month in July, the Reserve Bank of Australia said on Monday - following the 0.2 percent decline in June.

On a yearly basis, private sector credit advanced 2.4 percent - slowing from the 2.9 percent gain in the previous month.

Individually, housing credit was up 0.2 percent on month and 3.1 percent on year, while personal credit tumbled 1.8 percent on month and 12.1 percent on year and business credit fell 0.6 percent on month and gained 3.7 percent on year.

Broad money was up 0.9 percent on month and 10.7 percent on year.

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