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Australia Feb Housing New Loan Commitments +1.5%

AUSTRALIA DATA
MNI (Singapore)

In February 2024, new loan commitments (seasonally adjusted):

  • rose 1.5% for housing to $26.4b, after a fall of 0.8% in January. It was 13.3% higher compared to a year ago.
  • fell 0.9% for personal fixed term loans
  • rose 31.4% for business construction (a typically volatile series) and rose 2.5% in trend terms
  • fell 4.7% for business purchase of property (a typically volatile series) and rose 1.3% in trend terms
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In February 2024, new loan commitments (seasonally adjusted):

  • rose 1.5% for housing to $26.4b, after a fall of 0.8% in January. It was 13.3% higher compared to a year ago.
  • fell 0.9% for personal fixed term loans
  • rose 31.4% for business construction (a typically volatile series) and rose 2.5% in trend terms
  • fell 4.7% for business purchase of property (a typically volatile series) and rose 1.3% in trend terms