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. 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.