Private sector credit in Australia rose by 0.5 percent month-over-month in November 2022, the same pace as a downwardly revised figure a month earlier. The latest result remained the softest growth in private sector credit since October 2021, amid rising borrowing costs and high inflation. Credit growth was unchanged for both housing (at 0.4 percent) and personal use (at 0.2 percent) while business credit rose slightly less than in October (0.7 percent vs 0.8 percent). Through the year to November, private credit expanded 8.9 percent. source: Reserve Bank of Australia

Private Sector Credit in Australia averaged 0.83 percent from 1976 until 2022, 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. This page provides the latest reported value for - Australia Private Sector Credit - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Australia Private Sector Credit - data, historical chart, forecasts and calendar of releases - was last updated on January of 2023.

Private Sector Credit in Australia is expected to be -0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Private Sector Credit is projected to trend around 0.10 percent in 2024 and 0.30 percent in 2025, according to our econometric models.

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Australia Private Sector Credit



Calendar GMT Actual Previous Consensus TEForecast
2022-12-23 12:30 AM Private Sector Credit MoM Nov 0.5% 0.5% 0.5%
2022-12-23 12:30 AM Private Sector Credit YoY Nov 8.9% 9.5% 9.1%
2023-01-31 12:30 AM Private Sector Credit MoM Dec 0.5% 0.5%


Related Last Previous Unit Reference
Retail Sales MoM 1.40 0.40 percent Nov 2022
Private Sector Credit 0.50 0.50 percent Nov 2022
Consumer Credit 3493.94 3479.01 AUD Billion Nov 2022
Bank Lending Rate 9.51 9.32 percent Dec 2022

Australia Private Sector Credit
In Australia, private sector credit refers to the month-over-month change of credit extended to the economy's private sector for housing, personal and business expenditures. It includes securitizations.
Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.50 2.90 -0.50 1976 - 2022 percent Monthly
SA

News Stream
Australia Private Credit Growth Stays at 1-Year Low
Private sector credit in Australia rose by 0.5 percent month-over-month in November 2022, the same pace as a downwardly revised figure a month earlier. The latest result remained the softest growth in private sector credit since October 2021, amid rising borrowing costs and high inflation. Credit growth was unchanged for both housing (at 0.4 percent) and personal use (at 0.2 percent) while business credit rose slightly less than in October (0.7 percent vs 0.8 percent). Through the year to November, private credit expanded 8.9 percent.
2022-12-23
Australia Private Credit Growth Eases to 7-Month Low
Private sector credit in Australia was up 0.6 percent month-over-month in October 2022, the softest increase in seven months, amid rising borrowing costs and high inflation. Credit growth slowed for both housing (0.4 percent vs 0.5 percent in September) and business (0.8 percent vs 1.3 percent), while personal credit growth picked up (0.2 percent vs flat reading previously). Through the year to October, private credit advanced 9.5 percent.
2022-11-30
Australia Private Credit Growth Stays Resilient
Private sector credit in Australia was up 0.7 percent month-over-month in September 2022, after a 0.8 percent growth a month earlier. Housing credit growth was unchanged (at 0.5 percent), amid a flat in credit for personal credit (vs 0.3 percent in August and a further rise in business credit (1.3 percent vs 1.2 percent. Through the year to September, private credit gained 9.4 percent.
2022-10-31