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Australia Private Sector Credit Adds 0.4% In January
(RTTNews) - Total credit in Australia's private sector was up a seasonally adjusted 0.4 percent on month in January, the Reserve Bank of Australia said on Thursday - unchanged and in line with expectations.
Housing credit also rose 0.4 percent on month, while personal credit added 0.2 percent and business credit gained 0.7 percent.
On a yearly basis, overall credit climbed 4.9 percent as housing credit was up 4.2 percent, personal credit added 1.2 percent and business credit jumped 6.8 percent.
Broad money gained 0.3 percent on month and 4.5 percent on year.
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