Australia - Private Sector Credit (August): 0.4% m/m (expected +0.5%)

Australia - Private Sector Credit

+0.4 % m/m

• expected 0.5%, prior 0.4%

+5.8% y/y

• expected 5.9%, prior 6.0%

More:

• Housing credit +0.5% m/m (+0.5% prior), +6.5% y/y
• Personal credit -0.3% m/m (-0.1% prior), -1.2% y/y
• Business credit +0.3% m/m (+0.1% prior), +5.7% y/y

Eyes are on the 'business credit' as a proxy for investment. The mining investment boom has and continues to wind down, the RBA now looking for capex growth in other secotrs of business investment)

Data from the Reserve Bank of Australia