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

Data from the Reserve Bank of Australia

  • Headline is up 0.4% m/m and 4.8% y/y

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


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

  • expected +2.0% and prior -4.6%

This article was written by Eamonn Sheridan at Source