Net personal finance commitments reportedly jumped 0.2 per cent in December, seasonally adjusted, to $7.040 billion, from $7.029 billion in November, the Australian Bureau of Statistics (ABS) revealed on Monday.
As per the data published by ABS, the seasonally adjusted series for the total value of owner occupied housing commitment and additions decreased 4.7 percent.
In addition, the value of total personal finance commitments rose 0.2 percent in December, while revolving credit commitments climbed 2.2 percent, which was offset by a 2.1 percent slip in fixed lending commitments.
The net commercial finance was reported as flat in December, seasonally adjusted, at $26.729 billion, from $26.718 billion in November while the lease finance witnessed a 8.7 per cent rise in December to $409 million, compared with $376 million the previous month.
Revolving credit commitments rose 3.8 percent, while fixed lending commitments fell.
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