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Australia Sept Housing New Loan Commitments -8.2%

MNI (Singapore)

In September 2022, new loan commitments (seasonally adjusted):

  • fell 8.2% to $25.1b for housing, after a fall of 3.4% in August.
  • fell 5.2% for personal fixed term loans, after a rise of 9.5% in August.
  • fell 36.6% for business construction (a typically volatile series), after a rise of 51.7% in August.
  • fell 12.1% for business purchase of property (a typically volatile series), after a fall of 23.6% in August.

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