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.

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Australia Private Sector Credit



Calendar GMT Actual Previous Consensus TEForecast
2022-08-31 01:30 AM Private Sector Credit MoM Jul 0.7% 0.9% 0.5%
2022-08-31 01:30 AM Private Sector Credit YoY Jul 9.1% 9.1% 8.2%
2022-09-30 01:30 AM Private Sector Credit MoM Aug 0.7% 0.5%


Related Last Previous Unit Reference
Retail Sales MoM 1.30 0.20 percent Jul 2022
Private Sector Credit 0.70 0.90 percent Jul 2022
Consumer Credit 3404.70 3385.92 AUD Billion Jul 2022
Bank Lending Rate 8.32 7.63 percent Aug 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
0.70 0.90 2.90 -0.50 1976 - 2022 percent Monthly
SA

News Stream
Australia Private Credit Growth Below Forecasts
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.
2022-08-31
Australia Private Credit Growth Remains Robust
Private sector credit in Australia rose by 0.9 percent month-over-month in June 2022, the same pace as an upwardly revised figure in the prior month. The latest reading stayed at its strongest pace in five months for the third consecutive month, with credit continuing to grow for both business (1.5 percent vs 1.4 percent in May) and housing (0.6 percent vs 0.6 percent). On the flip side, personal credit fell 0.4 percent after edging up 0.1 percent in May. Through the year to May, private credit gained 9.1 percent.
2022-07-29
Australia Private Credit Growth Stays Solid
Private sector credit in Australia rose by 0.8 percent month-over-month in May 2022, after an upwardly revised 0.9 percent expansion in the prior month which was the strongest growth in five months. There were moderation in both business credit (1.3 percent vs 1.5 percent in April) and personal one (0.1 percent vs 0.3 percent), while housing credit growth was stable (at 0.6 percent). Through the year to May, private credit gained 9.0 percent.
2022-06-30