Deposit growth stabilises

Wednesday, 31 July 2013

APRA has released its monthly deposit statistics and growth has stabilised over two months now at around 0.7% month on month:

Year on year we are flattish around 6%:

And the trend line continues on up after stalling late last year:

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.