Australia Private Sector Credit for March 2021: 1.0% y/y

Australia Private Sector Credit for March 2021

0.4% m/m 
1.0% y/y

Australia

Housing again grows. Credit to business shrunk again y/y, up m/m.

The month of March 2020 saw credit grow strongly (see table above, +3.7%) as business sought to draw on cash for reserves for the storm ahead (lockdown nationwide).  March 2021 is not as dramatic, a much more subdued pace as we approach a degree of normality. 

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