Business finance loans and personal lending fell in February, according to the Australian Bureau of Statistics (ABS).
Total business finance commitments fell a seasonally-adjusted 8.4% in February to $29 billion, compared to $31.65 billion in January.
Personal lending dropped 3.8% to $7.19 billion.
Finance for owner-occupied housing fell four per cent to $13.4 billion.
Lease finance was the only expansion in lending listed in the February figures, rising 4.1% to $498 million.
COMMENTS
SmartCompany is committed to hosting lively discussions. Help us keep the conversation useful, interesting and welcoming. We aim to publish comments quickly in the interest of promoting robust conversation, but we’re a small team and we deploy filters to protect against legal risk. Occasionally your comment may be held up while it is being reviewed, but we’re working as fast as we can to keep the conversation rolling.
The SmartCompany comment section is members-only content. Please subscribe to leave a comment.
The SmartCompany comment section is members-only content. Please login to leave a comment.