More Australian data - private sector credit (Jan) crawls higher. +0.2% m/m (exp. +0.3%)

The Reserve Bank of Australia publish their Financial Aggregates for January 2019

+0.2% m/m

• expected 0.3%, prior 0.2%

+4.3% y/y

• expected 4.3%, prior 4.3%

Some detail:

Housing credit +0.2% m/m … very weak growth indeed

• prev +0.3% m/m
• and +4.4% y/y

Business credit +0.3 m/m

• prev 0.3% m/m
• +5.2% y/y (an encouraging result)

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The data was out at 0030GMT but I focused on the capex data:

• Australian Private capital expenditure (capex) data (Q4 2018): Headline 2.0% (vs. 1% expected)