Release date: 28 March 2013
Total credit provided to the private sector by financial intermediaries rose by 0.2 per cent over February 2013 after increasing by 0.2 per cent over January. Over the year to February, total credit rose by 3.4 per cent.
Housing credit increased by 0.4 per cent over February following an increase of 0.4 per cent over January. Over the year to February, housing credit rose by 4.4 per cent.
Other personal credit increased by 0.1 per cent over February after decreasing by 0.1 per cent over January. Over the year to February, other personal credit decreased by 0.3 per cent.
Business credit decreased by 0.2 per cent over February after being unchanged over January. Over the year to February, business credit increased by 2.3 per cent.
Over the month of February, M3 grew by 0.2 per cent and broad money grew by 0.1 per cent. Over the year to February, broad money grew by 6.0 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.