Despite the continued presence of record low-interest rates, personal
and business finance both fell in November, according to official data
from the Australian Bureau of Statistics.
The data showed total business finance commitments fell a seasonally adjusted 2.6 per cent in the month to $37.992bn — its lowest point for 13 months.
The figure compares to a downwardly revised $39.011bn in October.
Personal lending commitments slipped a seasonally adjusted 2.2 per cent to $8.730 billion in the month.
The result compares to an downwardly revised $8.922bn in October.
Housing finance for owner occupation fell slightly, down 0.2 per cent in November.
This news story is reprinted from www.businessspectator.com.au
Read more details on finance and accounting outsourcing
The data showed total business finance commitments fell a seasonally adjusted 2.6 per cent in the month to $37.992bn — its lowest point for 13 months.
The figure compares to a downwardly revised $39.011bn in October.
Personal lending commitments slipped a seasonally adjusted 2.2 per cent to $8.730 billion in the month.
The result compares to an downwardly revised $8.922bn in October.
Housing finance for owner occupation fell slightly, down 0.2 per cent in November.
This news story is reprinted from www.businessspectator.com.au
Read more details on finance and accounting outsourcing
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