Private sector credit in Austria rose by 0.5% month-on-month in September 2024, maintaining the same pace as in the previous two months and aligning with market expectations. Personal credit increased by 0.3%, up from a 0.1% rise in August, while housing credit rose by 0.5%, slightly higher than the 0.4% increase in the previous month. Conversely, business credit growth eased to 0.6% from 0.7%. On an annual basis, private sector credit grew by 5.8%—the highest since May 2023, up from a 5.7% rise in August. source: Reserve Bank of Australia

Private Sector Credit in Australia remained unchanged at 0.50 percent in September. Private Sector Credit in Australia averaged 0.82 percent from 1976 until 2024, 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 November of 2024.

Private Sector Credit in Australia remained unchanged at 0.50 percent in September. Private Sector Credit in Australia is expected to be 0.10 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 0.30 percent in 2025 and 0.40 percent in 2026, according to our econometric models.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-09-30 01:30 AM
Private Sector Credit MoM
Aug 0.5% 0.5% 0.5% 0.5%
2024-10-31 12:30 AM
Private Sector Credit MoM
Sep 0.5% 0.5% 0.5% 0.3%
2024-11-29 12:30 AM
Private Sector Credit MoM
Oct 0.5%


Related Last Previous Unit Reference
Bank Lending Rate 10.79 10.79 percent Oct 2024
Consumer Credit 2306.00 2297.00 AUD Billion Sep 2024
Housing Credit MoM 0.50 0.40 percent Sep 2024
Private Sector Credit MoM 0.50 0.50 percent Sep 2024
Retail Sales MoM 0.10 0.70 percent Sep 2024

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 securitizations.
Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.50 2.90 -0.50 1976 - 2024 percent Monthly
SA


News Stream
Australia Private Credit Growth Unchanged
Private sector credit in Austria rose by 0.5% month-on-month in September 2024, maintaining the same pace as in the previous two months and aligning with market expectations. Personal credit increased by 0.3%, up from a 0.1% rise in August, while housing credit rose by 0.5%, slightly higher than the 0.4% increase in the previous month. Conversely, business credit growth eased to 0.6% from 0.7%. On an annual basis, private sector credit grew by 5.8%—the highest since May 2023, up from a 5.7% rise in August.
2024-10-31
Australia Private Credit Growth Steady
Private sector credit in Australia rose by 0.5% month-on-month in August 2024, maintaining the same pace as the previous month and aligning with market expectations. Business credit increased by 0.7%, up from a 0.5% rise in July. On the other hand, personal credit growth eased to 0.1% from 0.5%, while housing credit rose by 0.4%, slightly below the previous 0.5% increase. On an annual basis, private sector credit grew by 5.7%, matching the pace seen in July and holding steady at a 14-month high.
2024-09-30
Australia Private Credit Growth Tops Estimates
Private sector credit in Australia rose by 0.5% month-on-month in July 2024, slightly softer than the strongest pace in 21 months of 0.6% growth in the previous month but above market forecasts of 0.4%. Business credit gained 0.4%, much weaker than the prior 0.9% climb. Meanwhile, housing credit growth accelerated the most in three months (0.5% vs 0.4% in June) and personal credit expanded at the fastest pace since January (0.5% vs 0.2%). On an annual basis, private credit increased by 5.7%, the most in 14 months, after a 5.6% gain in June.
2024-08-30