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Australia Private Sector Credit Grows In December

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The value of credit extended to private sector recipients in Australia increased a seasonally adjusted 0.3% in December compared to November, the Reserve Bank of Australia (RBA) reported on Friday.

Housing credit increased 0.7% in December - the same rate of increase as in the previous month. Other personal credit was up 0.7%, while business credit declined by 0.2%.

On an annual basis, total credit extended to the private sector was up a seasonally adjusted 1.5%, the RBA said.

The value of credit extended to private sector recipients in Australia increased a seasonally adjusted 0.3% in December compared to November, the Reserve Bank of Australia (RBA) reported on Friday. (Market News Provided by RTTNews)

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