Private sector credit in Australia rose by 0.3 percent month-over-month in February 2019, following a 0.2 percent growth in the previous month and matching market estimates. It marked the strongest increase in private sector credit since November last year, as housing credit grew faster (0.3 percet vs 0.2 percent in January), while business credit growth was stable (at 0.3 percent). In addition, credit for other personal use fell by 0.1 percent, much softer than a 0.7 percent decline in a month earlier. Compared to the same month of the prior year, private sector credit went up 4.2 percent. Private Sector Credit in Australia averaged 0.87 percent from 1976 until 2019, 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.