Private sector credit in Australia was flat on the month in October, the same as a downwardly revised figure in the prior month. Housing credit growth slowed (0.3 percent vs 0.4 percent in September), while credit declined at a softer pace for both personal use (-0.7 percent vs -1 percent) and business (-0.3 percent vs -0.4 percent). Through the year to October, private sector credit expanded by 1.8 percent. source: Reserve Bank of Australia
Private Sector Credit in Australia averaged 0.85 percent from 1976 until 2020, 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 December of 2020.
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. Looking forward, we estimate Private Sector Credit in Australia to stand at 0.30 in 12 months time. In the long-term, the Australia Private Sector Credit is projected to trend around 0.60 percent in 2021 and 0.50 percent in 2022, according to our econometric models.