The total value of private sector credit was up 0.6 percent on month in August, the Reserve Bank of Australia said on Wednesday – above expectations for a gain of 0.5 percent and unchanged from the previous month.
On a yearly basis, credit climbed 6.3 percent – beating forecasts for 6.2 percent and up from 6.1 percent in July.
Housing credit was up 0.6 percent on month and 7.5 percent on year, while personal credit added 0.1 percent on month and 0.7 percent on year and business credit gained 0.5 percent on month and 5.3 percent on year.
The M3 money stock was up 0.2 percent on month and 6.4 percent on year, while broad money added 0.1 percent on month and 6.5 percent on year.
The material has been provided by InstaForex Company – www.instaforex.com