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Financial News: Australia Private Sector Credit Picks Up 0.4% In

Australia Private Sector Credit Picks Up 0.4% In December

01/30/2024 - 20:05:00 (RTTNews)

(RTTNews) - Total private sector credit in Australia was up 0.4 percent on month in December, the Reserve Bank of Australia said on Wednesday - unchanged from the November reading.

On a yearly basis, private sector credit gained 4.8 percent.

Individually, housing credit gained 0.4 percent on month and 4.1 percent on year, while personal credit dipped 0.1 percent on month and rose 1.2 percent on year and business credit added 0.5 percent on month and 6.6 percent on year.

Broad money was up 0.7 percent on month and 4.9 percent on year.

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