APRA specufestor lending growth stops dead

Stopped dead in March:

	ANZ	CBA	MQG	NAB	WBC	BOQ	BEN	SUN
Mar-19	78470	132904	12372	105379	152393	11333	12722	11724
Feb-19	78936	132916	12320	105645	152368	11352	12649	11755
Jan-19	79366	132960	12223	105757	152323	11364	12597	11745
Dec-18	79790	133045	12103	105869	152453	11366	12554	11784
Nov-18	80187	132812	11938	106081	152318	11534	12538	11738
Oct-18	80470	132705	11791	105982	152432	11318	12467	11700
Sep-18	80916	132539	11602	105750	152770	11346	12416	11622
Aug-18	81260	132838	11407	105688	152844	11336	12296	11579
Jul-18	81519	132764	11091	105512	153034	11347	12206	11579
Jun-18	81797	132971	10679	105502	153256	11319	12153	11598
May-18	81899	132573	9184	105004	153694	11314	12009	11577
Apr-18	82122	132713	8913	104821	153138	11405	11928	11559
Mar-18	82320	132792	8743	105102	152562	11381	11881	11882

Housing investment lending is down 0.1% on the month and year on year:

It is about to begin falling. Basically, everyone but BEN is converging at or below zero:

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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.