Private sector credit in Australia rose by 0.2 percent month-over-month in December 2018, slowing from a 0.3 percent gain in the previous month and below market consensus of 0.3 percent. It marked the weakest growth in private sector credit since May, amid a slowdown in business credit growth (0.3 percent vs 0.5 percent in November). In addition, credit for other personal use declined at a faster rate (-0.4 percent vs -0.3 percent). At the same time, housing credit grew by 0.3 percent, the same as in a month earlier. Compared to the same month of the prior year, private sector credit went up 4.3 percent. Private Sector Credit in Australia averaged 0.87 percent from 1976 until 2018, reaching an all time high of 2.90 percent in July of 1986 and a record low of -0.50 percent in July of 1992.