Specufestor loans were still firm in May

APRA monthly banking data is out and specufestor lending was still firm in May up 4.8% year on year for the big eight:

	ANZ	CBA	MQG	NAB	WBC	BOQ	BEN	SUN		Total
May-17	82,465	139283	8590	102650	145164	11205	11923	11673	May-17	512953
Apr-17	82198	139189	8663	102033	144010	11168	11902	11617	Apr-17	510780
Mar-17	81919	138802	8640	101584	143432	11155	11874	11643	Mar-17	509049
Feb-17	81530	138520	8661	100988	142790	11154	11875	11923	Feb-17	507441
Jan-17	81266	138032	8727	100523	142401	11305	11774	11928	Jan-17	505956
Dec-16	81381	137224	8791	100065	142161	11380	11665	11906	Dec-16	504573
Nov-16	80993	136064	8867	99539	141191	11420	11526	11813	Nov-16	501413
Oct-16	80714	134986	8935	99167	140186	11484	11316	11769	Oct-16	498557
Sep-16	80513	134011	8988	98590	139294	11562	11103	11794	Sep-16	495855
Aug-16	80605	133134	9051	98221	138350	11645	11024	11839	Aug-16	493869
Jul-16	80859	132274	9137	97829	137514	11773	10915	11878	Jul-16	492179
Jun-16	81305	131298	9191	97544	136918	11901	10865	11886	Jun-16	490908

And 0.4% month on month:

	ANZ	CBA	MAC	NAB	WBC	BOQ	BEN	SUN	Total
May-17	0.3	0.1	-0.8	0.6	0.8	0.3	0.2	0.5	0.4
Apr-17	0.3	0.3	0.3	0.4	0.4	0.1	0.2	-0.2	0.3
Mar-17	0.5	0.2	-0.2	0.6	0.4	0.0	0.0	-2.4	0.3
Feb-17	0.3	0.4	-0.8	0.5	0.3	-1.4	0.9	0.0	0.3
Jan-17	-0.1	0.6	-0.7	0.5	0.2	-0.7	0.9	0.2	0.3
Dec-16	0.5	0.8	-0.9	0.5	0.7	-0.4	1.2	0.8	0.6
Nov-16	0.3	0.8	-0.8	0.4	0.7	-0.6	1.8	0.4	0.6
Oct-16	0.2	0.7	-0.6	0.6	0.6	-0.7	1.9	-0.2	0.5
Sep-16	-0.1	0.7	-0.7	0.4	0.7	-0.7	0.7	-0.4	0.4
Aug-16	-0.3	0.6	-1.0	0.4	0.6	-1.1	1.0	-0.3	0.3
Jul-16	-0.6	0.7	-0.6	0.3	0.4	-1.1	0.5	-0.1	0.3
Jun-16	-0.5	1.2	-0.1	0.1	0.6	-0.6	-6.3	1.7	0.3

CBA has really hit the brakes but WBC picked up the slack. The latter is the most exposed to interest-only so I’d expect it to also hit the brakes hard come June/July:

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

Share

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.