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Australia Dec New Loan Commitments for Housing -4.1%

AUSTRALIA DATA
MNI (Singapore)
Energy BulletsCommodities

In December 2023, new loan commitments (seasonally adjusted):

  • fell 4.1% for housing, after a rise of 0.7% in November. It was 11.7% higher compared to a year ago.
  • fell 2.4% for personal fixed term loans, after a fall of 6.0% in November.
  • rose 3.3% for business construction (a typically volatile series) and rose 0.9% in trend terms.
  • rose 1.0% for business purchase of property (a typically volatile series) but was flat in trend terms.
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In December 2023, new loan commitments (seasonally adjusted):

  • fell 4.1% for housing, after a rise of 0.7% in November. It was 11.7% higher compared to a year ago.
  • fell 2.4% for personal fixed term loans, after a fall of 6.0% in November.
  • rose 3.3% for business construction (a typically volatile series) and rose 0.9% in trend terms.
  • rose 1.0% for business purchase of property (a typically volatile series) but was flat in trend terms.