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Australia Jun New Loan Commitments -1.6% m/m; Biz construction Slows

AUSTRALIA DATA
MNI (Singapore)
  • Australia's new loan commitments (seasonally adjusted) fell 1.6% m/m for housing in June, down from the 4.9% m/m growth recorded in May.
  • New loan commitments dropped 12.6% for personal fixed-term loans, far from the 5.6% m/m increase last month.
  • New loan commitments declined 19.6% for business construction, fastened from the 0.5% m/m decrease in May.

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