Australia - Private sector credit for May: +0.2% m/m (expected 0.4%)

Australia - Private sector credit for May

+0.2% m/m growth … a miss …. ugh

• expected +0.4%, prior +0.4%

and +4.8% y/y

• expected +5.0%, prior +5.1%

Housing credit remains unchanged growth rate for the month/month … but business credit shrinks m/m …. not a positive, but hanging in there higher y/y.