Private Sector Credit for June: +0.6% m/m for a beat
- Expected +0.4% m/m, prior +0.4%
+5.4 % y/y for a beat
- & +5.2% y/y, prior +5%
Housing credit +0.5% m/m, down a touch on the prior perhaps reflecting tightening macro-pru policies. Up 6.6% y/y
- prior +0.6% m/m and +6.6% y/y
Business credit +0.9% m/m ... very solid improvement on the month. Up 4.4% for the y/y
- prior +0.2% m/m and +3.1% y/y
