Lending finance records 8th straight monthly fall

Wednesday 13 July 2016

Today’s Lending Finance data for May, released by the ABS, registered the 8th consecutive monthly decline in trend terms, taking total lending back to December 2014 levels.

First, total finance commitments fell by 0.8% in May and were down by 6.1% over the year:

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.