The Australian Bureau of Statistics (ABS) has just released the November Lending Finance data, which has delivered a mixed result:
The total value of owner occupied housing commitments excluding alterations and additions (but including refinancings) rose 2.2% in seasonally adjusted terms [see yesterday’s housing finance data release for further information]:
The seasonally adjusted series for the value of housing alterations and additions (‘renovations’) rose 2.0%:
The seasonally adjusted series for the value of total personal finance commitments fell -7.8% in November 2011, after a 9.9% rise in October 2011:
The seasonally adjusted series for the value of total commercial finance commitments fell -9.6% in November 2011, after a 15.5% rise in October 2011:
With the recent uptrend in commercial finance commitments driven by New South Wales:
And the seasonally adjusted series for the value of total lease finance commitments rose 15.1%:
Overall this data release is a mixed bag, with some components rising solidly and others falling.