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SUMMARY OF FINDINGS
The trend series for the value of total commercial finance commitments increased 0.4% in May 2009 compared with April 2009. Fixed lending commitments rose 1.1%, while revolving credit commitments fell 0.9%.
The seasonally adjusted series for the value of total commercial finance commitments rose 4.0% in May 2009 compared with April 2009. This was driven by increases in fixed lending commitments (up 4.1%) and revolving credit commitments (up 3.8%).
The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) increased 2.0% in May 2009, following a revised increase of 1.8% in April 2009. The seasonally adjusted series rose 0.8% in May 2009.
The value of lease finance commitments (trend) decreased 2.9% in May 2009. The seasonally adjusted series decreased 1.9%.
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