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.

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Australia Private Sector Credit

Actual Previous Highest Lowest Dates Unit Frequency
0.00 0.00 2.90 -0.50 1976 - 2020 percent Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-10-30 12:30 AM Private Sector Credit MoM Sep 0.1% 0.0% 0.1%
2020-10-30 12:30 AM Private Sector Credit YoY Sep 2.0% 2.2% 2.1%
2020-11-30 12:30 AM Private Sector Credit YoY Oct 1.8% 1.9% 2.1%
2020-11-30 12:30 AM Private Sector Credit MoM Oct 0.0% 0.0% 0.1%
2020-12-31 12:30 AM Private Sector Credit YoY Nov
2020-12-31 12:30 AM Private Sector Credit MoM Nov 0.0%
2021-01-31 12:30 AM Private Sector Credit MoM Dec
2021-01-31 12:30 AM Private Sector Credit YoY Dec


News Stream
Australia Private Sector Credit Flat for 3rd Month
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.
2020-11-30
Australia Private Sector Credit Rises 0.1% MoM in September
Private sector credit in Australia grew by 0.1 percent month-over-month in September 2020 after a flat reading a month earlier, as housing credit growth accelerated (0.4 percent vs 0.3 percent in August). Meantime, credit fell at softer paces for both personal (-0.8 percent vs 1 percent) and business (-0.3 percent vs -0.4 percent). Through the year to September, private sector credit expanded by 2 percent.
2020-10-30
Australia Private Sector Credit Flat in August
Private sector credit in Australia was unchanged over a month earlier in August 2020, after a 0.1 percent fall in the previous month. Housing credit growth was steady (at 0.2 percent), while credit for both personal (-1.1 percent vs -1.6 percent) and business (-0.4 percent vs -0.6 percent) dropped at a softer pace. Through the year to August, private sector credit rose by 2.2 percent.
2020-09-30
Australia Private Credit Drops for 3rd Month
Private sector credit in Australia fell by 0.1 percent month-over-month in July 2020, after a 0.2 percent drop in the previous month. This was the third straight month of decline in private sector credit, amid the ongoing COVID-19 crisis that led to business shutdowns. There were decreases in credit for both business (-0.6 percent vs -0.8 percent in June) and personal (-1.8 percent vs -0.8 percent). Meantime, housing credit was unchanged (at 0.2 percent). Through the year to July, private sector credit rose by 2.4 percent.
2020-08-31

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 securitisations.