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Australia Apr New Loan Commitments +3.7% m/m

AUSTRALIA DATA
MNI (Singapore)
  • Australia new loan commitments (seasonally adjusted) rose 3.7% m/m for housing in April, slower than the 5.5% m/m growth recorded in March.
  • New loan commitments rose 4.8% for personal fixed term loans, quicker than the 2.1% m/m increase last month.
  • New loan commitments fell 10.5% for business construction, compared with rising 6.7% m/m in March.

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