Release date: 30 November 2012
Total credit provided to the private sector by financial intermediaries rose by 0.1 per cent over October 2012, after rising by 0.3 per cent over September. Over the year to October, total credit rose by 3.8 per cent.
Housing credit increased by 0.3 per cent over October, following an increase of 0.4 per cent over September. Over the year to October, housing credit rose by 4.7 per cent.
Other personal credit increased by 0.1 per cent over October, after increasing by 0.3 per cent over September. Over the year to October, other personal credit decreased by 0.7 per cent.
Business credit decreased by 0.3 per cent over October, after increasing by 0.3 per cent over September. Over the year to October, business credit increased by 3.3 per cent.
Over the month of October, M3 grew by 0.3 per cent and broad money grew by 0.2 per cent. Over the year to October, broad money grew by 6.8 per cent.
All growth rates for the financial aggregates are seasonally adjusted, and adjusted for the effects of breaks in the series as recorded in the footnotes to tables. Figures showing the levels of financial aggregates are not adjusted for series breaks. Historical levels and growth rates for the financial aggregates have been revised owing to the resubmission of data by some financial intermediaries, the re-estimation of seasonal factors and the incorporation of securitisation data. The RBA credit aggregates measure credit provided by financial institutions operating domestically. They do not capture cross-border or non-intermediated lending.