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 July 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
2022-06-30 01:30 AM Private Sector Credit YoY May 9.0% 8.6% 7.9%
2022-06-30 01:30 AM Private Sector Credit MoM May 0.8% 0.9% 0.5%
2022-07-29 01:30 AM Private Sector Credit YoY Jun 9.0%


Related Last Previous Unit Reference
Retail Sales MoM 0.90 0.90 percent May 2022
Private Sector Credit 0.80 0.90 percent May 2022
Consumer Credit 3354.60 3322.06 AUD Billion May 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 0.90 2.90 -0.50 1976 - 2022 percent Monthly
SA

News Stream
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
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