Australian October 2023 Private Sector Credit +0.3% m/m (expected +0.4%)

  • Housing credit growth leads the way

Data from the Reserve Bank of Australia

  • Headline is up 0.4% m/m and 4.8% y/y
private sector credit Australia October 2023

Housing credit up 0.4% m/m (house price being launched into orbit will do that)

  • business and personal credit rose but not by as much m/m

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Published at the same was building approvals, for October: +7.5% m/m

  • expected +2.0% and prior -4.6%

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