Private sector credit in Australia rose by 0.8 percent month-over-month in April 2022, faster than an upwardly revised 0.6 percent expansion in the prior month and marking the strongest growth since December 2021. Business credit accelerated sharply (1.4 percent vs 0.6 percent in March), amid a further rise in housing credit (0.6 percent vs 0.6 percent) and a bounce back in personal credit (0.3 percent vs -0.1 percent). Through the year to April, private credit gained 8.6 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 June 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.

Ok
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.

Please Paste this Code in your Website
width
height
Australia Private Sector Credit



Calendar GMT Actual Previous Consensus TEForecast
2022-05-31 01:30 AM Private Sector Credit YoY Apr 8.6% 7.8% 5%
2022-05-31 01:30 AM Private Sector Credit MoM Apr 0.8% 0.6% 0.2%
2022-06-30 01:30 AM Private Sector Credit MoM May 0.8% 0.5%


Related Last Previous Unit Reference
Retail Sales MoM 0.90 0.90 percent May 2022
Private Sector Credit 0.80 0.60 percent Apr 2022
Consumer Credit 3322.06 3287.10 AUD Billion Apr 2022
Bank Lending Rate 6.82 6.51 percent May 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
0.80 0.60 2.90 -0.50 1976 - 2022 percent Monthly
SA

News Stream
Australia Private Credit Rises the Most in 4 Months
Private sector credit in Australia rose by 0.8 percent month-over-month in April 2022, faster than an upwardly revised 0.6 percent expansion in the prior month and marking the strongest growth since December 2021. Business credit accelerated sharply (1.4 percent vs 0.6 percent in March), amid a further rise in housing credit (0.6 percent vs 0.6 percent) and a bounce back in personal credit (0.3 percent vs -0.1 percent). Through the year to April, private credit gained 8.6 percent.
2022-05-31
Australia Private Credit Growth at 11-Month Low
Private sector credit in Australia rose by 0.4 percent month-over-month in March 2022, slowing from a 0.6 percent gain in the prior month and marking the softest growth since April 2021. Business credit moderated sharply (0.3 percent vs 0.8 percent in February) while personal credit fell 0.2 percent after bing flat in February. Meantime, housing credit growth was unchanged (at 0.6 percent). Through the year to March, private credit gained 7.8 percent.
2022-04-29
Australia Private Credit Growth Stays at 3-Month Low
Private sector credit in Australia rose by 0.6 percent month-over-month in February 2022, the same pace as in January which was the softest pace in three months. Housing credit growth eased slightly (0.6 percent vs 0.7 percent in January) while business credit accelerated (0.8 percent vs 0.6 percent). Meantime, personal credit was flat after falling 0.5 percent in January. Through the year to February, private credit gained 7.9 percent.
2022-03-31