Credit growth in the private sector rose in August, according to data from the RBA
Credit growth in the private sector rose in August, according to data from the RBA. The total value of credit provided to the private sector lifted by 0.3% in the month, following a 0.4% lift in July. Annual growth came in at 3.4%, slightly higher than the 3.2% rise over the year to July. Housing credit has increased by 0.4% yoy for August, its highest level of growth since September 2012. Personal credit on the other hand grew 0.9% yoy, the strongest level seen since May 2011. (VIEW LINK)
Welcome to Livewire, Australia’s most trusted source of investment insights and analysis.
To continue reading this wire and get unlimited access to Livewire, join for free now and become a more informed and confident investor.
Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.
No areas of expertise
Please sign in to comment on this wire.