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Financial News: Australia Private Sector Credit Gains 0.1% In November

Australia Private Sector Credit Gains 0.1% In November

12/22/2019 - 19:50:00 (RTTNews)

(RTTNews) - Private sector credit in Australia was up a seasonally adjusted 0.1 percent on month in November, the Reserve Bank of Australia said on Monday.

That was unchanged from the October reading but misses forecasts for an increase of 0.2 percent.

On a yearly basis, credit rose 2.3 percent - also shy of estimates for 2.4 percent and down from 2.5 percent in the previous month.

Housing credit was up 0.2 percent on month and 2.9 percent on year, while personal credit fell 0.5 percent on month and 4.9 percent on year and business credit rose 0.2 percent on month and 2.5 percent on year.

Broad money gained 0.3 percent on month and 4.4 percent on year.

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