Private sector credit in Australia increased by 0.3 percent month-on-month in July 2023, the same pace as an upwardly revised figure in the previous month. The latest result remained at its lowest level since March, with housing credit growth stable (at 0.3%) while credit accelerated for both business (0.3% vs 0.2%) and personal use (0.5% vs 0.1%). On an annual basis, private sector credit grew by 5.3 percent in July, the least since September 2021, after a 5.6 percent rise in June. source: Reserve Bank of Australia

Private Sector Credit in Australia averaged 0.82 percent from 1976 until 2023, 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 August of 2023.

Private Sector Credit in Australia is expected to be 0.20 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 0.10 percent in 2024 and 0.30 percent in 2025, according to our econometric models.

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Australia Private Sector Credit



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-07-31 01:30 AM Jun 0.2% 0.4% 0.4%
2023-08-31 01:30 AM Jul 0.3% 0.2% 0.2%
2023-09-29 01:30 AM Aug 0.3%


Related Last Previous Unit Reference
Retail Sales MoM 0.50 -0.80 percent Jul 2023
Private Sector Credit 0.30 0.30 percent Jul 2023
Consumer Credit 2186.00 2173.00 AUD Billion Jun 2023
Bank Lending Rate 10.51 10.51 percent Jul 2023

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
0.30 0.30 2.90 -0.50 1976 - 2023 percent Monthly
SA

News Stream
Australia Private Credit Growth Stays at 3-Month Low
Private sector credit in Australia increased by 0.3 percent month-on-month in July 2023, the same pace as an upwardly revised figure in the previous month. The latest result remained at its lowest level since March, with housing credit growth stable (at 0.3%) while credit accelerated for both business (0.3% vs 0.2%) and personal use (0.5% vs 0.1%). On an annual basis, private sector credit grew by 5.3 percent in July, the least since September 2021, after a 5.6 percent rise in June.
2023-08-31
Australia Private Credit Growth Slows to 3-Month Low
Private sector credit in Australia increased by 0.2 percent month-on-month in June 2023, easing from a 0.4 percent rise in May while marking the slowest growth since March. Credit eased for both business (0.3% vs 0.5% in May) and housing (0.2% vs 0.3%). Meantime, personal credit growth was unchanged (at 0.1%). On an annual basis, private sector credit increased by 5.5 percent in June, the least since October 2021, after a 6.2 percent growth in May.
2023-07-31
Australia Private Sector Credit Growth Eases
Private sector credit in Australia increased by 0.4 percent month-on-month in May 2023, easing from a 0.6 percent rise in April and matching market consensus. Housing credit advanced 0.3 percent (vs 0.4 percent in April) and lending to non-financial businesses was up 0.5 percent (vs 1.0 percent). At the same time, personal credit growth was unchanged at 0.2 percent. On an annual basis, private sector credit increased by 6.2 percent in May, slowing from a 6.6 percent growth in April.
2023-06-30