Despite continued record low interest rates, personal finance fell in
December, according to official data from the Australian Bureau of
Statistics.
Personal lending commitments slipped a seasonally adjusted 2.5 per cent to $8.43 billion in the month.
The result compares to a downwardly revised $8.65bn in November.
But the data showed total business finance commitments lifted a seasonally adjusted 0.4 per cent in the month to $37.93bn, which compares to a downwardly revised $37.78bn in November.
Low interest rates continued to encourage housing finance for owner occupation, which rose 3.8 per cent to $18.04bn in December.
This news story is reprinted from www.businessspectator.com.au
Read more details on business accountants
Personal lending commitments slipped a seasonally adjusted 2.5 per cent to $8.43 billion in the month.
The result compares to a downwardly revised $8.65bn in November.
But the data showed total business finance commitments lifted a seasonally adjusted 0.4 per cent in the month to $37.93bn, which compares to a downwardly revised $37.78bn in November.
Low interest rates continued to encourage housing finance for owner occupation, which rose 3.8 per cent to $18.04bn in December.
This news story is reprinted from www.businessspectator.com.au
Read more details on business accountants
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