Private sector credit in Australia rose by 0.4 percent month-over-month in March 2021, accelerating from a 0.2 percent gain in the previous month, as a recovery in the economy from the COVID-19 pandemic gained traction. The latest reading pointed to the steepest growth in private sector credit since March 2020, boosted by higher credit for housing (0.5 percent vs 0.4 percent in February), personal (0.2 percent vs -0.5 percent), and business (0.3 percent vs flat reading). Through the year to March, private sector credit expanded by 1.0 percent. source: Reserve Bank of Australia
Private Sector Credit in Australia averaged 0.84 percent from 1976 until 2021, 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 May of 2021.
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 0.60 in 12 months time. In the long-term, the Australia Private Sector Credit is projected to trend around 0.50 percent in 2022, according to our econometric models.