Australia AUD

Australia Private Sector Credit MoM

Info

History

Chart

Impact:

Low

Source: Reserve Bank of Australia

Latest Release:

Date:

Surprise:

0.2%

Actual:

0.7%

Forecast: 0.5%

Previous/Revision:

0.5%

Period: Apr

Next Release:

Date:

Forecast: 0.4%

Period: May

What Does It Measure?

The Australia Private Sector Credit MoM measures the monthly change in the total amount of credit extended to the private sector by financial institutions, providing insights into credit growth, consumer and business spending, and overall economic health. This indicator primarily focuses on trends in lending to households and businesses, playing a critical role in assessing conditions in the financial market and potential inflationary effects.

Frequency

The Private Sector Credit report is released monthly, with the publication typically occurring in the second week of the month following the reporting month.

Why Do Traders Care?

Traders closely monitor this indicator because an increase in private sector credit is often viewed as a sign of economic expansion and can lead to bullish sentiments in financial markets, impacting currencies and equities positively. Conversely, a decline or weaker-than-expected growth in credit could indicate economic slowdowns, eliciting bearish responses, especially in the Australian dollar and related stock markets.

What Is It Derived From?

The Private Sector Credit MoM is derived from data collected by the Reserve Bank of Australia (RBA) based on information reported by financial institutions regarding credit extended to households and businesses. It encompasses various types of credit facilities, including personal loans, mortgages, and business loans, adhering to industry standards for compilation and reporting.

Description

The Private Sector Credit MoM report compares the outstanding credit at the end of the reporting month with that of the previous month, showcasing short-term trends in credit availability and spending. It helps identify shifts in financial conditions that could influence broader economic trends, signaling the health of consumer and business confidence and potential inflation pressures.

Additional Notes

This indicator is considered a leading measure of economic activity, influencing expectations regarding consumption, investment, and overall economic growth. Comparisons with other indicators like the Consumer Price Index (CPI) or GDP growth may provide deeper insights into the economic landscape, particularly in relation to monetary policy decisions.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for AUD, Bullish for Stocks. Lower than expected: Bearish for AUD, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
May 30, 2025	0.7%	0.5%	0.5%	0.2%
Apr 30, 2025	0.5%	0.5%	0.5%
Mar 31, 2025	0.5%	0.5%	0.5%
Feb 28, 2025	0.5%	0.6%	0.6%	-0.1%
Jan 31, 2025	0.6%	0.5%	0.6%	0.1%
Dec 20, 2024	0.5%	0.5%	0.6%
Nov 29, 2024	0.6%	0.5%	0.5%	0.1%
Oct 31, 2024	0.5%	0.5%	0.5%
Sep 30, 2024	0.5%	0.5%	0.5%
Aug 30, 2024	0.5%	0.4%	0.6%	0.1%
Jul 31, 2024	0.6%	0.4%	0.4%	0.2%
Jun 28, 2024	0.4%	0.4%	0.5%
May 31, 2024	0.5%	0.4%	0.4%	0.1%
Apr 30, 2024	0.3%	0.4%	0.5%	-0.1%
Mar 28, 2024	0.5%	0.4%	0.5%	0.1%
Feb 29, 2024	0.4%	0.4%	0.4%
Jan 31, 2024	0.4%	0.4%	0.4%
Dec 22, 2023	0.4%	0.3%	0.3%	0.1%
Nov 30, 2023	0.3%	0.4%	0.5%	-0.1%
Oct 31, 2023	0.5%	0.3%	0.4%	0.2%
Sep 29, 2023	0.4%	0.3%	0.3%	0.1%
Aug 31, 2023	0.3%	0.2%	0.2%	0.1%
Jul 31, 2023	0.2%	0.4%	0.4%	-0.2%
Jun 30, 2023	0.4%	0.4%	0.6%
May 31, 2023	0.6%	0.3%	0.2%	0.3%
Apr 28, 2023	0.3%	0.3%	0.4%
Mar 31, 2023	0.3%	0.3%	0.4%
Feb 28, 2023	0.4%	0.3%	0.3%	0.1%
Jan 31, 2023	0.3%	0.5%	0.5%	-0.2%
Dec 23, 2022	0.5%	0.5%	0.5%
Nov 30, 2022	0.6%	0.6%	0.7%
Oct 31, 2022	0.7%	0.7%	0.8%
Sep 30, 2022	0.8%	0.5%	0.8%	0.3%
Aug 31, 2022	0.7%	0.5%	0.9%	0.2%
Jul 29, 2022	0.9%	0.6%	0.9%	0.3%
May 31, 2022	0.8%	0.2%	0.6%	0.6%
Apr 29, 2022	0.4%	0.4%	0.6%
Mar 31, 2022	0.6%	0.4%	0.6%	0.2%
Feb 28, 2022	0.6%	0.5%	0.8%	0.1%
Jan 31, 2022	0.8%	0.8%	1%
Dec 23, 2021	0.9%	0.4%	0.5%	0.5%
Nov 30, 2021	0.5%	1.2%	0.6%	-0.7%
Oct 29, 2021	0.6%	0.6%	0.6%
Sep 30, 2021	0.6%	-0.2%	0.7%	0.8%
Aug 31, 2021	0.7%	-0.3%	0.9%	1%
Jul 30, 2021	0.9%	0.2%	0.5%	0.7%
Jun 30, 2021	0.4%	0.2%	0.2%	0.2%
May 31, 2021	0.2%	0.3%	0.4%	-0.1%
Apr 30, 2021	0.4%	0.4%	0.2%
Mar 31, 2021	0.2%	0.1%	0.2%	0.1%
Feb 26, 2021	0.2%	0.4%	0.3%	-0.2%
Jan 29, 2021	0.3%	0.1%	0.1%	0.2%
Dec 23, 2020	0.1%	0.1%	0%
Nov 30, 2020	0%	0.1%	0%	-0.1%
Oct 30, 2020	0.1%	0.1%	0%
Sep 30, 2020	0%	0.1%	-0.1%	-0.1%
Aug 31, 2020	-0.1%	-0.2%	-0.2%	0.1%
Jul 31, 2020	-0.2%	0.1%	-0.1%	-0.3%
Jun 30, 2020	-0.1%	0.2%	0%	-0.3%
May 29, 2020	0%	1.3%	1.1%	-1.3%
Apr 30, 2020	1.1%	0.3%	0.4%	0.8%
Mar 31, 2020	0.4%	0.2%	0.4%	0.2%
Feb 28, 2020	0.3%	0.2%	0.2%	0.1%
Jan 31, 2020	0.2%	0.2%	0.2%
Dec 23, 2019	0.1%	0.3%	0.1%	-0.2%
Nov 29, 2019	0.1%	0.3%	0.2%	-0.2%
Oct 31, 2019	0.2%	0.2%	0.2%
Sep 30, 2019	0.2%	0.3%	0.2%	-0.1%
Aug 30, 2019	0.2%	0.2%	0.1%
Jul 31, 2019	0.1%	0.3%	0.1%	-0.2%
Jun 28, 2019	0.2%	0.2%	0.2%
May 31, 2019	0.2%	0.3%	0.3%	-0.1%
Apr 30, 2019	0.3%	0.3%	0.3%
Mar 29, 2019	0.3%	0.3%	0.2%
Feb 28, 2019	0.2%	0.3%	0.2%	-0.1%
Jan 31, 2019	0.2%	0.3%	0.3%	-0.1%
Dec 31, 2018	0.3%	0.4%	0.4%	-0.1%
Nov 30, 2018	0.4%	0.4%	0.4%
Oct 31, 2018	0.4%	0.4%	0.5%
Sep 28, 2018	0.5%	0.4%	0.4%	0.1%
Aug 31, 2018	0.4%	0.3%	0.3%	0.1%
Jul 31, 2018	0.3%	0.3%	0.2%
Jun 29, 2018	0.2%	0.4%	0.4%	-0.2%
May 31, 2018	0.4%	0.4%	0.5%
Apr 30, 2018	0.5%	0.4%	0.4%	0.1%
Mar 29, 2018	0.4%	0.3%	0.2%	0.1%
Feb 28, 2018	0.3%	0.4%	0.3%	-0.1%
Jan 31, 2018	0.3%	0.5%	0.5%	-0.2%
Dec 29, 2017	0.5%	0.4%	0.4%	0.1%
Nov 30, 2017	0.4%	0.4%	0.3%
Oct 31, 2017	0.3%	0.5%	0.5%	-0.2%
Sep 29, 2017	0.5%	0.5%	0.5%
Aug 31, 2017	0.5%	0.5%	0.6%
Jul 31, 2017	0.6%	0.4%	0.4%	0.2%
Jun 30, 2017	0.4%	0.4%	0.4%
May 31, 2017	0.4%	0.4%	0.3%
Apr 28, 2017	0.3%	0.5%	0.3%	-0.2%
Mar 31, 2017	0.3%	0.5%	0.2%	-0.2%
Feb 28, 2017	0.2%	0.5%	0.7%	-0.3%
Jan 31, 2017	0.7%	0.5%	0.5%	0.2%
Dec 30, 2016	0.5%	0.5%	0.5%
Nov 30, 2016	0.5%	0.4%	0.4%	0.1%
Oct 31, 2016	0.4%	0.4%	0.4%
Sep 30, 2016	0.4%	0.5%	0.4%	-0.1%
Aug 31, 2016	0.4%	0.4%	0.2%
Jul 29, 2016	0.2%	0.5%	0.4%	-0.3%
Jun 30, 2016	0.4%	0.5%	0.5%	-0.1%
May 31, 2016	0.5%	0.4%	0.4%	0.1%
Apr 29, 2016	0.4%	0.6%	0.6%	-0.2%
Mar 31, 2016	0.6%	0.5%	0.5%	0.1%
Feb 29, 2016	0.5%	0.5%	0.5%
Jan 29, 2016	0.5%	0.6%	0.4%	-0.1%
Dec 31, 2015	0.4%	0.6%	0.7%	-0.2%
Nov 30, 2015	0.7%	0.6%	0.7%	0.1%
Oct 30, 2015	0.8%	0.51%	0.6%	0.29%
Sep 30, 2015	0.6%	0.5%	0.6%	0.1%
Aug 31, 2015	0.6%	0.5%	0.4%	0.1%
Jul 31, 2015	0.4%	0.5%	0.5%	-0.1%
Jun 30, 2015	0.5%	0.5%	0.3%
May 29, 2015	0.3%	0.5%	0.5%	-0.2%