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. 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 June of 2021.

Private Sector Credit in Australia is expected to be 0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Private Sector Credit in Australia to stand at 0.60 in 12 months time. 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
0.20 0.40 2.90 -0.50 1976 - 2021 percent Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2021-04-30 01:30 AM Private Sector Credit YoY Mar 1.0% 1.6% 1.8%
2021-04-30 01:30 AM Private Sector Credit MoM Mar 0.4% 0.2% 0.4%
2021-05-31 01:30 AM Private Sector Credit YoY Apr 1.3% 0.4% 2.3%
2021-05-31 01:30 AM Private Sector Credit MoM Apr 0.2% 0.4% 0.3%
2021-06-30 01:30 AM Private Sector Credit MoM May 0.2% 0.2%
2021-06-30 01:30 AM Private Sector Credit YoY May 1.3% 1.5%
2021-07-31 01:30 AM Private Sector Credit YoY Jun
2021-07-31 01:30 AM Private Sector Credit MoM Jun


News Stream
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 Rise the Most in a Year
Private sector credit in Australia rose by 0.4 percent month-over-month in March 2021, after a 0.2 percent gain in the previous month, as a recovery in the economy from the COVID-19 pandemic gained traction. The latest reading pointed to the steepest growth in private sector credit since March 2020, boosted by higher credit for housing (0.5 percent vs 0.4 percent in February), personal (0.2 percent vs -0.5 percent), and business (0.3 percent vs flat reading). Through the year to March, private sector credit expanded by 1.0 percent.
2021-04-30
Australia Private Credit Growth Unchanged
Private sector credit in Australia rose by 0.2 percent month-over-month in February 2021, the same pace as in January, supported by a solid housing credit growth (unchanged at 0.4 percent). Meantime, personal credit continued to fall (-0.5 percent vs -0.8 percent) while business credit was flat after falling 0.1 percent in January. Through the year to February, private sector credit expanded by 1.6 percent.
2021-03-31
Australia Private Credit Growth Slows Slightly
Private sector credit in Australia rose by 0.2 percent month-over-month in January 2021, after a 0.3 percent growth a month earlier. Housing credit growth was unchanged at 0.4 percent, while there were declines in credit for both personal (-0.9 percent vs -0.5 percent) and business (-0.1 percent vs 0.3 percent). Through the year to January, private sector credit expanded by 1.7 percent.
2021-02-26

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.