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.

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Australia Private Sector Credit

Actual Previous Highest Lowest Dates Unit Frequency
0.70 0.90 2.90 -0.50 1976 - 2021 percent Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2021-07-30 01:30 AM Private Sector Credit MoM Jun 0.9% 0.5% 0.2%
2021-07-30 01:30 AM Private Sector Credit YoY Jun 3.1% 1.9% 2.1%
2021-08-31 01:30 AM Private Sector Credit YoY Jul 4.0% 3.1% 2.5%
2021-08-31 01:30 AM Private Sector Credit MoM Jul 0.7% 0.9% -0.3%
2021-09-30 01:30 AM Private Sector Credit YoY Aug 4.0%
2021-09-30 01:30 AM Private Sector Credit MoM Aug 0.7%
2021-10-30 12:30 AM Private Sector Credit YoY Sep
2021-10-30 12:30 AM Private Sector Credit MoM Sep
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Australia Private Credit Growth Slows
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.
2021-08-31
Australia Private Credit Rises the Most in 15 Months
Private sector credit in Australia rose by 0.9 percent month-over-month in June 2021, after an upwardly revised 0.5 percent gain in the previous month. This was the strongest pace of increase in private sector credit since March 2020, boosted by a surge in business credit (1.6 percent vs 0.4 percent in May), as the economy recovered further from the coronavirus disruptions following a ramped-up in vaccinations. Also, housing credit growth quickened further (0.7 percent vs 0.6 percent). In contrast, personal credit fell by 0.5 percent, shifting from a 0.2 percent drop in May. Through the year to June, private sector credit expanded 3.1 percent.
2021-07-30
Australia Private Credit Growth Accelerates
Private sector credit in Australia rose by 0.4 percent month-over-month in May 2021, after a 0.2 percent gain in the previous month, amid an easing of COVID-19 restrictions in some states. Housing credit growth quickened (0.6 percent vs 0.5 percent in April) while personal credit picked up (0.2 percent vs flat reading) and business credit rebounded (0.2 percent vs -0.3 percent). Through the year to May, private sector credit expanded 1.9 percent.
2021-06-30
Australia Private Sector Growth Eases
Private sector credit in Australia rose by 0.2 percent month-over-month in April 2021, slowing from a 0.4 percent gain in the previous month, amid a resurgence of COVID-19 cases in some states. Personal credit was flat after gaining 0.1 percent in March; while business credit fell by 0.3 percent, following a 0.4 percent growth a month earlier. Meanwhile, housing credit growth was unchanged (at 0.5 percent). Through the year to April, private sector credit expanded by 1.3 percent.
2021-05-31

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 securitisations.