Private sector credit growth in Australia slowed to 8.0 percent year-on-year in January 2023, down from 8.3 percent in the previous month. source: Reserve Bank of Australia

Loan Growth in Australia averaged 10.52 percent from 1977 until 2023, reaching an all time high of 25.50 percent in October of 1988 and a record low of -1.80 percent in April of 1992. This page includes a chart with historical data for Australia Private Sector Credit Growth YoY. Australia Private Sector Credit Growth YoY - values, historical data and charts - was last updated on March of 2023.

Loan Growth in Australia is expected to be 7.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Private Sector Credit Growth YoY is projected to trend around 1.80 percent in 2024 and 2.00 percent in 2025, according to our econometric models.

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Australia Private Sector Credit Growth YoY

Calendar GMT Actual Previous Consensus TEForecast
2023-01-31 12:30 AM Dec 8.3% 8.9% 8.6%
2023-02-28 12:30 AM Jan 8% 8.3% 7.8%
2023-03-31 12:30 AM Feb 8% 7.6%

Australia Private Sector Credit Growth YoY
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 securitizations.
Actual Previous Highest Lowest Dates Unit Frequency
8.00 8.30 25.50 -1.80 1977 - 2023 percent Monthly