Private sector credit in Australia rose by 0.4 percent month-over-month in September of 2018, following a five-month high of 0.5 percent growth in the previous month and matching market consensus. Credit growth slowed for business (0.6 percent vs 0.8 percent in August) and housing (0.3 percent vs 0.4 percent). Meanwhile, credit for other personal use was flat, compared to a 0.2 percent fall in a month earlier. Compared to the same month of the prior year, private sector credit went up 4.6 percent. Private Sector Credit in Australia averaged 0.87 percent from 1976 until 2018, reaching an all time high of 2.70 percent in July of 1986 and a record low of -0.50 percent in July of 1992.

Private Sector Credit in Australia is expected to be 0.42 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 0.41 in 12 months time. In the long-term, the Australia Private Sector Credit is projected to trend around 0.41 percent in 2020, according to our econometric models.

Australia Private Sector Credit
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2018-09-28 01:30 AM Private Sector Credit MoM 0.5% 0.4% 0.4% 0.4%
2018-10-31 12:30 AM Private Sector Credit MoM 0.4% 0.5% 0.4% 0.4%
2018-10-31 12:30 AM Private Sector Credit YoY 4.6% 4.5%
2018-11-30 12:30 AM Private Sector Credit MoM 0.4% 0.39%
2018-11-30 12:30 AM Private Sector Credit YoY 4.6%
2018-12-28 12:30 AM Private Sector Credit MoM 0.42%


Australia Consumer Last Previous Highest Lowest Unit
Consumer Confidence 104.30 101.50 123.94 64.61 Index Points [+]
Retail Sales MoM 0.20 0.30 8.10 -10.60 percent [+]
Retail Sales YoY 3.50 3.30 12.70 1.90 percent [+]
Consumer Spending 258440.00 256756.00 258440.00 33014.00 AUD Million [+]
Disposable Personal Income 298813.00 297957.00 298813.00 3108.00 AUD Million [+]
Personal Savings 1.00 2.10 20.60 -0.70 percent [+]
Consumer Credit 2783.41 2769.09 2783.41 35.83 AUD Billion [+]
Private Sector Credit 0.40 0.50 2.70 -0.50 percent [+]
Households Debt To GDP 122.20 121.70 122.50 34.20 percent of GDP [+]
Bank Lending Rate 8.65 8.65 20.50 8.10 percent [+]
Gasoline Prices 1.14 1.13 1.67 0.46 USD/Liter [+]
Consumer Confidence Current Conditions 102.19 99.24 131.41 70.47 [+]
Consumer Confidence Economic Expectations 92.87 94.23 127.29 59.25 [+]
Consumer Confidence Financial Expectations 98.41 102.77 124.40 79.00 [+]
Consumer Confidence Major Purchases Expectations 122.03 117.09 154.86 71.04 [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.50 2.70 -0.50 1976 - 2018 percent Monthly
Current Prices, SA




Country Last
Australia 0.40 Sep/18
Brazil 2946966.00 Sep/18
Canada 4294167.00 Sep/18
Euro Area 13357626.10 Sep/18
Germany 2943320.00 Sep/18
Mexico 4493585130.00 Aug/18
Netherlands 1041162.00 Sep/18
Russia 39975527.00 Aug/18
Singapore 595388.60 Sep/18
South Africa 6.26 Sep/18
Spain 1184281.00 Sep/18
Turkey 2054464804.00 Sep/18
United States 9446.76 Oct/18


Related

Latest