Australia Private Sector Credit Gains 0.2% In January

Private sector credit in Australia was up 0.2 percent on month in January, the Reserve Bank of Australia said on Tuesday.

That was shy of expectations for an increase of 0.5 percent following the 0.7 percent increase in December.

On a yearly basis, credit advanced 5.4 percent – again missing expectations for 5.6 percent, which would have been unchanged from the previous month.

Housing credit was up 0.5 percent on month and 6.4 percent on year, while personal credit fell 0.2 percent on month and 1.3 percent on year and business credit lost 0.3 percent on month but gained 4.7 percent on year.

Broad money was up 1.0 percent on month and 7.0 percent on year.

The material has been provided by InstaForex Company – www.instaforex.com

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