Australian Bureau of Statistics
5671.0 - Lending Finance, Australia, May 2008
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 14/07/2008
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SUMMARY OF FINDINGS
The trend series for the value of total commercial finance commitments fell 6.9% in May 2008 compared with April 2008. This was due to a fall in both fixed lending commitments (down 8.3%) and revolving credit commitments (down 4.2%).
The seasonally adjusted series for the value of total commercial finance commitments rose 3.2% in May 2008. This increase was due to a rise in both revolving credit commitments (up 7.2%) and fixed lending commitments (up 1.1%).
The value of purchases of dwellings by individuals for rent or resale (trend) fell 3.7% in May 2008, after a decrease of 4.1% in April 2008. The seasonally adjusted series fell by 7.9% in May 2008.
The value of lease finance commitments (trend) fell 1.6% in May 2008. The seasonally adjusted series for lease finance commitments fell 7.1%.
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This page last updated 8 August 2008