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. 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 August 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.