Private sector credit in Australia rose by 0.2 percent month-over-month in December 2019, the same as an upwardly revised figure in the previous month. Credit growth was steady for both housing (at 0.3 percent) and business (at 0.2 percent). Meantime, personal credit fell 0.5 percent, the same pace as in November. Considering full 2019, private sector credit grew 2.4 percent, slowing from a 4.3 percent expansion in 2018. Australia Private Sector Credit - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.
Private Sector Credit in Australia averaged 0.86 percent from 1976 until 2019, 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. source: Reserve Bank of Australia
Private Sector Credit in Australia is expected to be 0.40 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 0.40 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.