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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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Australia's consumer confidence improved to a three-and-a-half year high in August as the central bank is expected to lower rates further after a third cut this year, monthly survey results from Westpac showed on Tuesday. The Westpac-Melbourne Institute Consumer Sentiment Index rose to 98.5 in August from 93.1 in June.
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Australia June Trade Surplus A$5.365 Billion
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Australia Building Approvals Jump 11.9% In June
The total number of building approvals issued in Australia in June was up a seasonally adjusted 11.9 percent on month, the Australian Bureau of Statistics said on Thursday - coming in at 17,076.
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