Australia — Private Sector Credit for September +0.3% m/m (expected 0.5%)

Data from the Reserve Bank of Australia +0.3 % m/m… miss

  • expected 0.5% m/m, prior 0.5%

+5.4 % y/y … miss

  • expected 5.6% y/y, prior 5.4%, revised from 5.5% 

Housing credit 0.5 % m/m

  • prior +0.5% m/m

6.6 % y/y

  • prior +6.6%

Business credit 0.1 % m/m

  • prior +0.5% m/m

and 4.3 % y/y

  • prior 4.5%


A miss on the headline. The breakdown (housing credit unchanged, business credit a big fall on the month) won’t be encouraging for the Reserve Bank of Australia.
—Next up — due at 0100 GMT, though they sometimes do hit earlier …. China — Official manufacturing and non-manufacturing PMIs today — previews
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