APRA has released its monthly banking statistics for March and growth improved slightly on the month to 0.6%, the best score this year:
It is good to see life in the market despite the lure of rising asset prices. Still, the trend towards lower growth is well intact in the year on year chart at 6.9%:
The aggregate total is also showing a slowing trend:
A welcome better month but I do expect growth to continue to fall as interest rates do.