Private sector credit in Australia was up 0.8 percent on month in September, the Reserve Bank of Australia said on Friday.
That beat forecasts for an increase of 0.5 percent and was up from 0.6 percent in August.
On a yearly basis, credit climbed 6.7 percent – also topping expectations for 6.3 percent, which would have been unchanged.
Housing credit added 0.6 percent on month and 7.5 percent on year, while personal credit added 0.1 percent on month and 0.5 percent on year and business credit jumped 1.2 percent on month and 6.3 percent on year.
The M3 money stock added 0.4 percent on month and 6.3 percent on year, while broad money gained 0.3 percent on month and 6.4 percent on year.
The material has been provided by InstaForex Company – www.instaforex.com