Australia Credit Growth Resilient

Australian private-sector credit grew 0.7% in April, reaching an 8.0% annual rate. The growth was led by a surge in housing investor credit, which hit a decade-high annual growth rate of 10.2%.

Key Takeaways

• 1.Total private-sector credit growth was resilient in April, rising 0.7% MoM and 8.0% YoY, slightly exceeding consensus expectations.
• 2.Credit to housing investors has accelerated to its fastest annual pace since September 2015, reaching 10.2% YoY.
• 3.Credit growth is broad-based across business (0.7% MoM), personal (0.1% MoM), and housing (0.6% MoM) sectors.

Table of Contents

• Key numbers
• Main points
• Disclosure Appendix
• Reg AC
• Disclosures
• Global product; distributing entities
• General disclosures

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