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Australia July Housing New Loan Commitments -1.2%

AUSTRALIA DATA
MNI (Singapore)

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

  • fell 1.2% to $24.2b for housing, after a fall of 1.6% in June. It was 14.1% lower compared to a year ago.
  • rose 4.7% for personal fixed term loans, after a fall of 6.9% in June.
  • fell 21.5% for business construction (a typically volatile series) after a fall of 12.3% in June. In trend terms, it fell 0.4%.
  • fell 5.1% for business purchase of property (a typically volatile series) but rose 0.7% in trend terms.
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