Australia Private Sector Credit Unchanged In August

Private sector credit in Australia was flat on month in August, the Reserve Bank of Australia said on Wednesday – following the 0.1 percent decline in July.

On a yearly basis, credit gained 2.2 percent after rising 2.4 percent in the previous month.

Housing credit was up 0.2 percent on month and 3.2 percent on year, while personal credit fell 1.1 percent on month and 12.5 percent on year and business credit shed 0.4 percent on month and added 2.9 percent on year.

Broad money was up 0.8 percent on month and 11.5 percent on year.

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