Credit card debt rises in December

Tuesday, 12 February 2013

The RBA released its December credit card data this morning and it shows a modest rise in purchases for Chrissy:

It’s interesting to note the double top this year with October/November also proving unusually strong. Could this be the rise of online purchases with time left for delivery before the big day?

Total balances remain just below a record level:

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.