The Australian Bureau of Statistics has released Lending Finance data for the month of September, which registered a seasonally-adjusted fall in personal finance commitments, but solid rises in commercial, lease and housing finance commitments (see next table).
In seasonally adjusted terms, the value of personal finance commitments fell by 0.9% in September, but were up 3.8% over the year:
By contrast, the value of lease finance commitments rose by 13.7% over the month, but were down by 33.7% over the past year, due in part to the former Government’s plan to restrict fringe benefits on company cars:
Commercial finance commitments rose by 2.8% in September and were up 19.5% over the year, although they remain well below pre-GFC highs:
Finally, the value of housing finance commitments rose by 5.3% in September and were up 14.2% over the year:
