Private sector credit in Australia expanded 0.5 percent month-over-month in October 2021, after a 0.6 percent growth in the previous month. This was the weakest increase in private sector credit since May as business credit moderated (0.5 percent vs 0.7 percent in September) while housing credit growth was stable (at 0.6 percent). Meantime, personal credit was flat following a 0.7 percent fall in September. Through the year to October, private credit grew by 5.7 percent. source: Reserve Bank of Australia
Private Sector Credit in Australia averaged 0.83 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 December of 2021.
Private Sector Credit in Australia is expected to be 0.50 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.