Private sector credit in Australia was up 0.7 percent month-over-month in July 2022, compared with market estimates and June's 5-month high figure of a 0.9 percent increase. Credit growth softened for both housing (0.5 percent vs 0.6 percent in June) and business (1.2 percent vs 1.5 percent). Meantime, personal credit went up 0.2 percent after falling 0.3 percent in June. Through the year to July, private credit gained 9.1 percent. source: Reserve Bank of Australia
Private Sector Credit in Australia averaged 0.83 percent from 1976 until 2022, 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 September of 2022.
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 2023, according to our econometric models.