From the RBA today:
Total credit provided to the private sector by financial intermediaries grew by 0.4 per cent over July 2013 after increasing by 0.4 per cent over June. Over the year to July, total credit rose by 3.2 per cent.
Housing credit increased by 0.4 per cent over July following an increase of 0.4 per cent over June. Over the year to July, housing credit rose by 4.7 per cent.
Other personal credit was unchanged over July after increasing by 0.3 per cent over June. Over the year to July, other personal credit increased by 0.5 per cent.
Business credit rose by 0.4 per cent over July after increasing by 0.5 per cent over June. Over the year to July, business credit rose by 1.3 per cent.
Over the month of July, M3 grew by 0.5 per cent and broad money grew by 0.5 per cent. Over the year to July, broad money grew by 5.5 per cent.
Straight sideways basically. You’ll have to do without charts today, Leith is away.
