Personal finance spikes

By Leith van Onselen

The ABS this morning released Lending Finance data for the month of February, which registered across-the-board seasonally-adjusted rises in all major categories (see next table).

In seasonally-adjusted terms, the value of personal finance commitments rose by 2.8% and was up by 9.9% over the year:

The value of lease finance commitments also rose, up 1.7% over the month and by 6.2% over the past year:

The value of housing finance commitments rose by 1.2% in February and is up 5.3% over the year:

Finally, commercial finance rose by 1.0% in February and by 6.3% over the year, but remains well below pre-GFC highs:

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