The ABS released their Lending data for April 2014. In the last month, commercial lending was up 5.8% seasonally adjusted, to $43,802 million whilst housing finance was up 1.4% to $16,911 million. Personal finance and lease finance were both down. This data presents the monthly flows.
Across the sectors, ABS reports:
HOUSING FINANCE FOR OWNER OCCUPATION – The total value of owner occupied housing commitments excluding alterations and additions rose 0.4% in trend terms, and the seasonally adjusted series rose 1.4%.
PERSONAL FINANCE – The trend series for the value of total personal finance commitments fell 0.3%. Revolving credit commitments fell 0.5% and fixed lending commitments fell 0.2%. The seasonally adjusted series for the value of total personal finance commitments fell 2.2%. Revolving credit commitments fell 3.3% and fixed lending commitments fell 1.4%.
COMMERCIAL FINANCE – The trend series for the value of total commercial finance commitments rose 2.0%. Revolving credit commitments rose 3.3% and fixed lending commitments rose 1.6%. The seasonally adjusted series for the value of total commercial finance commitments rose 5.8% in April 2014, following a rise of 3.9% in March 2014. Fixed lending commitments rose 6.3%, following a rise of 1.6% in the previous month. Revolving credit commitments rose 4.3%, following a rise of 11.4% in the previous month.
LEASE FINANCE – The trend series for the value of total lease finance commitments fell 1.0% and the seasonally adjusted series fell 20.3%, after a rise of 7.5% in March 2014.
