Private sector credit in Australia expanded 0.5 percent month-over-month in October 2021, after a 0.6 percent growth in the previous month. This was the weakest increase in private sector credit since May as business credit moderated (0.5 percent vs 0.7 percent in September) while housing credit growth was stable (at 0.6 percent). Meantime, personal credit was flat following a 0.7 percent fall in September. Through the year to October, private credit grew by 5.7 percent. source: Reserve Bank of Australia

Private Sector Credit in Australia averaged 0.83 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 December of 2021.

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 2022, according to our econometric models.

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Australia Private Sector Credit


Calendar GMT Actual Previous Consensus TEForecast
2021-11-30 12:30 AM Private Sector Credit YoY Oct 5.7% 5.3% 1%
2021-11-30 12:30 AM Private Sector Credit MoM Oct 0.5% 0.6% 1.2%
2021-12-23 12:30 AM Private Sector Credit MoM Nov 0.5%


Related Last Previous Unit Reference
Retail Sales MoM 4.90 1.30 percent Oct/21
Private Sector Credit 0.50 0.60 percent Oct/21
Consumer Credit 3141.52 3123.07 AUD Billion Sep/21
Bank Lending Rate 6.51 6.51 percent Oct/21

News Stream
Australia Private Credit Growth at 5-Month Low
Private sector credit in Australia expanded 0.5 percent month-over-month in October 2021, after a 0.6 percent growth in the previous month. This was the weakest increase in private sector credit since May as business credit moderated (0.5 percent vs 0.7 percent in September) while housing credit growth was stable (at 0.6 percent). Meantime, personal credit was flat following a 0.7 percent fall in September. Through the year to October, private credit grew by 5.7 percent.
2021-11-30
Australia Private Credit Growth Steady
Private sector credit in Australia expanded 0.6 percent month-over-month in September 2021, the same as in the previous month. Housing credit growth was stable (at 0.6 percent) while business credit went up slightly faster (0.7 percent vs 0.6 percent) while personal credit continued to fall (-0.6 percent vs -0.6 percent). Through the year to September, private credit grew by 5.3 percent.
2021-10-29
Australia Private Credit Growth Little Changed
Private sector credit in Australia rose by 0.6 percent month-over-month in August 2021, after a 0.7 percent gain a month earlier. Business credit growth slowed (0.6 percent vs 1.1 percent in July), while housing credit was steady (at 0.6 percent). Meantime, personal credit fell 0.6 percent, compared with a 1.1 percent decline in July. Through the year to August, private credit expanded 4.7 percent.
2021-09-30

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.