Private sector credit in Australia rose by 0.7 percent month-over-month in July 2021, slowing from a 0.9 percent gain in the previous month, amid social restrictions due to rising cases of the Delta strain of COVID-19 in the country. Credit slowed for both housing (0.6 percent vs 0.7 percent in June) and business (1.1 percent vs 1.6 percent). At the same time, personal credit fell faster (-1 percent vs 0.7 percent). Through the year to July, private sector credit grew 4.0 percent. source: Reserve Bank of Australia
Private Sector Credit in Australia averaged 0.84 percent from 1976 until 2021, 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 September of 2021.
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 0.50 percent in 2022, according to our econometric models.