31.07.2024 03:36:08

Australia Private Sector Credit Climbs 0.6% In June

(RTTNews) - Private sector credit in Australia was up 0.6 percent on month in June, the Reserve Bank of Australia said on Wednesday - beating forecasts for 0.4 percent, which would have been unchanged.

On a yearly basis, private sector credit climbed 5.6 percent.

Housing credit was up 0.4 percent on month and 4.7 percent on year, while personal credit added 0.2 percent on month and 2.8 percent on year and business credit climbed 1.0 percent on month and 7.7 percent on year.

Broad money rose 0.2 percent on month and 5.3 percent on year.