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Total credit provided to the private sector by financial intermediaries was flat in October, the Reserve Bank of Australia said on Monday, following the 0.1 percent decline in September. Over the year to October, total credit rose by 1.1 percent.
Housing credit increased 0.7 percent in October, the data showed, following an increase of 0.7 percent in September. Over the year to October, housing credit rose by 8.0 percent.
Other personal credit rose by 0.6 percent in October, following a rise of 0.2 percent in September. Over the year to October, other personal credit fell 3.6 percent.
Business credit fell 1.3 percent in October, following the 1.3 percent decline in September. Over the year to October, business credit shed 6.8 percent.
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