Lending Finance, Australia

Australian Bureau of Statistics June Key Figures released today.

June 2009 compared with May 2009:

HOUSING FINANCE FOR OWNER OCCUPATION

The total value of owner occupied housing commitments excluding alterations and additions increased 1.8% in trend terms and the seasonally adjusted series rose 1.0%.

PERSONAL FINANCE

• The trend series for the value of total personal finance commitments decreased 0.4%. Revolving credit commitments fell 2.5%, while fixed lending commitments rose 1.7%.
• The seasonally adjusted series for the value of total personal finance commitments increased 2.6%. Fixed lending commitments rose 5.8%, while revolving credit commitments fell 0.6%.

COMMERCIAL FINANCE

• The trend series for the value of total commercial finance commitments decreased 1.5%. Revolving credit commitments fell 5.2%, while fixed lending commitments rose 0.3%.
• The seasonally adjusted series for the value of total commercial finance commitments decreased 7.6%. Both revolving credit and fixed lending commitments fell, down 17.3% and 2.5% respectively.

LEASE FINANCE

• Lease finance commitments decreased 5.7% in trend terms and the seasonally adjusted series decreased 17.2%.

Source: 5671.0 – Lending Finance, Australia, Jun 2009

Australian Bureau of Statistics Lending Finance Data

Australian Bureau of Statistics Lending Finance Data was released this week for the month of February.

HOUSING FINANCE FOR OWNER OCCUPATION

• The total value of owner occupied housing commitments excluding alterations and additions increased 2.8% in trend terms and the seasonally adjusted series rose 2.7%.

PERSONAL FINANCE

• The trend series for the value of total personal finance increased 1.0%, with increases recorded in both revolving credit commitments (up 1.1%) and fixed lending commitments (up 0.9%).
• The seasonally adjusted series for the value of total personal finance commitments decreased 0.2%. Revolving credit commitments decreased 1.5%, while fixed lending commitments increased 1.5%.

COMMERCIAL FINANCE

• The trend series for the value of total commercial finance commitments decreased 2.6%, due to a fall in fixed lending commitments (down 3.2%). Revolving credit commitments fell 1.5%.
• The seasonally adjusted series for the value of total commercial finance commitments decreased 14.7%, due mainly to a fall in revolving credit commitments (down 25.6%). Fixed lending commitments fell 7.5%.

LEASE FINANCE

• Lease finance commitments decreased 2.4% in trend terms, while the seasonally adjusted series rose 1.7%.

Source: Australian Bureau of Statistics No. 5671.0, Lending Finance Australia, Feb. 2009.