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. source: Reserve Bank of Australia

Private Sector Credit in Australia averaged 0.84 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 October of 2021.

Private Sector Credit in Australia is expected to be 0.60 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
2021-08-31 01:30 AM Private Sector Credit YoY Jul 4.0% 3.1% 2.5%
2021-08-31 01:30 AM Private Sector Credit MoM Jul 0.7% 0.9% -0.3%
2021-09-30 01:30 AM Private Sector Credit MoM Aug 0.6% 0.7% -0.2%
2021-09-30 01:30 AM Private Sector Credit YoY Aug 4.7% 4.0% 3.5%
2021-10-29 12:30 AM Private Sector Credit YoY Sep 4.7%
2021-10-29 12:30 AM Private Sector Credit MoM Sep 0.6%
2021-11-30 12:30 AM Private Sector Credit MoM Oct
2021-11-30 12:30 AM Private Sector Credit YoY Oct


News Stream
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 Credit Growth Slows
Private sector credit in Australia rose by 0.7 percent month-over-month in July 2021, slowing from a 0.9 percent gain in the previous month, amid social restrictions due to rising cases of the Delta strain of COVID-19 in the country. Credit slowed for both housing (0.6 percent vs 0.7 percent in June) and business (1.1 percent vs 1.6 percent). At the same time, personal credit fell faster (-1 percent vs 0.7 percent). Through the year to July, private sector credit grew 4.0 percent.
2021-08-31
Australia Private Credit Rises the Most in 15 Months
Private sector credit in Australia rose by 0.9 percent month-over-month in June 2021, after an upwardly revised 0.5 percent gain in the previous month. This was the strongest pace of increase in private sector credit since March 2020, boosted by a surge in business credit (1.6 percent vs 0.4 percent in May), as the economy recovered further from the coronavirus disruptions following a ramped-up in vaccinations. Also, housing credit growth quickened further (0.7 percent vs 0.6 percent). In contrast, personal credit fell by 0.5 percent, shifting from a 0.2 percent drop in May. Through the year to June, private sector credit expanded 3.1 percent.
2021-07-30
Australia Private Credit Growth Accelerates
Private sector credit in Australia rose by 0.4 percent month-over-month in May 2021, after a 0.2 percent gain in the previous month, amid an easing of COVID-19 restrictions in some states. Housing credit growth quickened (0.6 percent vs 0.5 percent in April) while personal credit picked up (0.2 percent vs flat reading) and business credit rebounded (0.2 percent vs -0.3 percent). Through the year to May, private sector credit expanded 1.9 percent.
2021-06-30

Australia Last Unit Reference Previous Highest Lowest
Private Sector Credit 0.60 percent Aug/21 0.70 2.90 -0.50
Consumer Credit 3123.07 AUD Billion Aug/21 3105.64 3123.07 35.83
Bank Lending Rate 6.51 percent Sep/21 6.51 21.05 6.51


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.