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SUMMARY OF FINDINGS
The trend series for the value of total commercial finance commitments decreased 1.1% in March 2009 compared with February 2009. This was due to falls in revolving credit commitments (down 1.3%) and fixed lending commitments (down 1.0%).
The seasonally adjusted series for the value of total commercial finance commitments increased 20.5% in March 2009 compared with February 2009. This was driven by an increase in fixed lending commitments (up 28.0%). Revolving credit commitments increased 6.6%.
The value of purchases of dwellings by individuals for rent or resale (trend) decreased 0.2% in March 2009, after a revised decrease of 0.3% in February 2009. The seasonally adjusted series rose 2.8% in March 2009.
The value of lease finance commitments (trend) decreased 2.0% in March 2009, while the seasonally adjusted series increased 1.3%.
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