Australia: Q4 PPI +0.3% q/q (prior 0.9%), Private sector credit 0.5% m/m (expected 0.6%)

Data from Australia, Q4 PPI and December Private sector credit

Q4 PPI

• 0.3% m/m (prior 0.9%)
• 1.9% y/y (prior 1.7%)

more to come

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December Private sector credit

0.5 % m/m

• expected 0.6%, prior of 0.4%

6.6% y/y

• expected 6.7%, prior 6.6%

Housing credit is +0.5% m/m (prior 0.6) and 7.5% y/y (prior +7.5%)

• Investor housing credit +8.5% y/y

Business credit is +0.5% m/m (prior flat at 0.0%) and +6.3% y/y (prior +6.2%)

That growth in business credit will be a welcome piece of data for the Reserve Bank of Australia.