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.


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Australia Private Sector Credit

Actual Previous Highest Lowest Dates Unit Frequency
0.20 0.20 2.90 -0.50 1976 - 2019 percent Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2019-12-23 12:30 AM Private Sector Credit MoM Nov 0.1% 0.1% 0.3% 0.1%
2019-12-23 12:30 AM Private Sector Credit YoY Nov 2.3% 2.5% 2.6%
2020-01-31 12:30 AM Private Sector Credit YoY Dec 2.4% 2.3% 2.5%
2020-01-31 12:30 AM Private Sector Credit MoM Dec 0.2% 0.2% 0.2%
2020-02-28 12:30 AM Private Sector Credit YoY Jan 2.4% 2.6%
2020-02-28 12:30 AM Private Sector Credit MoM Jan 0.2% 0.2%
2020-03-31 12:30 AM Private Sector Credit YoY Feb
2020-03-31 12:30 AM Private Sector Credit MoM Feb


News Stream
Australia Private Credit Growth Steady in December
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.
2020-01-31
Australia Private Sector Credit Below Forecast
Private sector credit in Australia rose by 0.1 percent month-over-month in November 2019, the same as in the previous month and below market expectations of a 0.3 percent advance. Housing credit growth eased (0.2 percent vs 0.3 percent in October), while credit for personal use fell further (-0.5 percent vs -0.6 percent). Meanwhile, business credit picked up 0.2 percent, after being unchanged in the previous month. Through the year to November, private sector credit grew by 2.3 percent, the least since April 2010.
2019-12-23
Australia Private Sector Credit Rises the Least in 4 Months
Private sector credit in Australia rose by 0.1 percent month-over-month in October 2019, after a 0.2 percent growth in the previous month and missing market expectations of a 0.3 percent rise. This was the weakest increase in private sector credit since June, as business credit dropped (-0.1 percent vs 0.4 percent in September). Meantime, credit for personal use fell 0.6 percent, less than a 0.7 percent decrease in the prior month; and housing credit growth accelerated (0.3 percent vs 0.2 percent). Through the year to October, private sector credit grew by 2.5 percent.
2019-11-29
Australia Private Credit Growth Steady in September
Private sector credit in Australia rose by 0.2 percent month-over-month in September 2019, the same pace as in the previous month and in line with market expectations. Housing credit growth was unchanged (at 0.2 percent), amid a faster rise in business credit (0.4 percent vs 0.3 percent in August) and a further fall in credit for personal use (-0.7 percent vs -0.5 percent). Through the year to September, private sector credit grew by 2.7 percent.
2019-10-31

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.