By Leith van Onselen
The ABS this morning released Lending Finance data for the month of November, which registered small seasonally-adjusted rises in personal, lease and housing finance commitments, but a big fall in commercial finance:
In seasonally-adjusted terms, the value of personal finance commitments rose by 1.o% and was up by 6.4% over the year:
The value of lease finance commitments also rose, up 1.5% over the month and by 13.9% over the past year:
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The value of housing finance commitments rose by 0.6% in November and is up 3.0% over the year:
Bucking the trend was commercial finance, which fell by -7.2% in November and is down -8.7% over the year, well below pre-GFC highs:
Source: http://www.macrobusiness.com.au/2013/01/lending-finance-shows-business-credit-downtrend/
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