Private sector credit in Australia was up 0.6 percent on month in February, the Reserve Bank of Australia said on Thursday.
That exceeded forecasts for 0.5 percent, which would have been unchanged.
On a yearly basis, credit was up 2.6 percent – also topping forecasts for 2.5 percent, which also would have been unchanged.
Individually, housing credit added 0.5 percent on month and 7.3 percent on year, while personal credit eased 0.1 percent on month and 0.3 percent on year and business credit gained 0.7 percent on month and 6.5 percent on year.
The M3 money stock added 0.4 percent on month and 5.8 percent on year, while broad money gained 0.3 percent on month and 5.9 percent on year.
The material has been provided by InstaForex Company – www.instaforex.com