Private sector credit in Australia rose by 0.4% month-on-month in December 2023, the same pace as in the previous month. Credit growth was stable for both housing (at 0.4%) and business (at 0.5%). At the same time, credit for personal use remained muted (-0.1% vs -0.1%). On an annual basis, private sector credit increased by 4.8% in December, after expanding at its softest rise since August 2021 of 4.7% in the prior two months. source: Reserve Bank of Australia

Private Sector Credit in Australia remained unchanged at 0.40 percent in December. Private Sector Credit in Australia averaged 0.82 percent from 1976 until 2023, 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 February of 2024.

Private Sector Credit in Australia remained unchanged at 0.40 percent in December. 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 0.30 percent in 2025 and 0.40 percent in 2026, according to our econometric models.

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Australia Private Sector Credit


Calendar GMT Reference Actual Previous Consensus TEForecast
2023-12-22 12:30 AM
Private Sector Credit MoM
Nov 0.4% 0.3% 0.3%
2024-01-31 12:30 AM
Private Sector Credit MoM
Dec 0.4% 0.4% 0.4%
2024-02-29 12:30 AM
Private Sector Credit MoM
Jan 0.4% 0.4%


Related Last Previous Unit Reference
Retail Sales MoM -2.70 1.60 percent Dec 2023
Private Sector Credit 0.40 0.40 percent Dec 2023
Consumer Credit 2229.00 2220.00 AUD Billion Dec 2023
Housing Credit 0.40 0.40 percent Dec 2023
Bank Lending Rate 10.69 10.69 percent Jan 2024

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
0.40 0.40 2.90 -0.50 1976 - 2023 percent Monthly
SA

News Stream
Australia Private Credit Rises Further
Private sector credit in Australia rose by 0.4% month-on-month in December 2023, the same pace as in the previous month. Credit growth was stable for both housing (at 0.4%) and business (at 0.5%). At the same time, credit for personal use remained muted (-0.1% vs -0.1%). On an annual basis, private sector credit increased by 4.8% in December, after expanding at its softest rise since August 2021 of 4.7% in the prior two months.
2024-01-31
Australia Private Credit Growth Rises Further
Private sector credit in Australia rose by 0.4% month-on-month in November 2023, slightly faster than a 0.3% growth in the previous month which was the softest pace since July. Credit growth accelerated for business (0.5% vs 0.3%) amid a continued expansion in housing credit (0.4% vs 0.4%). Meantime, credit for personal use fell by 0.1%, reversing from a 0.2% increase in October. On an annual basis, private sector credit advanced 4.7% in November, the same pace as in October but stayed at its weakest rise since August 2021.
2023-12-22
Australia Private Credit Growth Slows to 3-Month Low
Private sector credit in Australia increased by 0.3% month-on-month in October 2023, easing from a 0.5% growth in the previous month. It was the softest growth in private sector credit since July, as credit growth moderated for both personal use (0.2% vs 0.5% in September) and business (0.3% vs 0.8%). Meantime, housing credit rose by 0.4%, the same pace as in September. On an annual basis, private sector credit gained 4.8% in October, the least since August 2021, after a 5.0% rise in September.
2023-11-30