Private Sector Credit (MoM)

economic

Updated: 30 Nov, 12:30 am UTC

Deviation

-0.09999999999999998%

Consensus

0.6%

0.7%

Actual

0.6%

Description

Source: Reserve Bank of Australia

The Private Sector Credit released by the Reserve Bank of Australia is an amount of money that the Australian private sector borrows. It shows if the private sector can afford large expenses, which can fuel economic growth. It is considered as an indicator of business conditions and the overall economic condition in Australia. Generally, a high reading is seen as positive (or Bullish) for the AUD, whereas a low reading is seen as negative.

Historical Data

Date	Actual	Previous	Deviation	Consensus
Nov 30, 2022	0.60%	0.70%	-0.10	0.60%
Oct 31, 2022	0.70%	0.80%	-0.10	0.80%
Sep 30, 2022	0.80%	0.70%	0.10	0.80%
Aug 31, 2022	0.70%	0.90%	-0.20	-
Jul 29, 2022	0.90%	0.80%	0.10	0.80%
Jun 30, 2022	0.80%	0.80%	0.00	0.60%
May 31, 2022	0.60%	0.40%	0.20	-
Apr 29, 2022	0.40%	0.60%	-0.20	-