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Australia May New Loan Commitments +4.9% m/m

AUSTRALIA DATA
MNI (Singapore)
  • Australia's new loan commitments (seasonally adjusted) rose 4.9% m/m for housing in May, faster than the 3.7% m/m growth recorded in April.
  • New loan commitments rose 5.6% for personal fixed-term loans, accelerating from 4.8% m/m increase last month.
  • New loan commitments declined 0.5% for business construction, narrowing from the 10.5% m/m decrease in April.

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