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Commercial finance activity edges up

Staff Reporter 1 minute read

Commercial finance activity picked up in September, according to ABS data released yesterday.

From August to September commercial finance rose by 14.1 per cent, seasonally adjusted, to $34.124 billion.

This was off the back of a 7.9 per cent fall in August.

Compared to September last year, commercial finance still has some way to go to reach similar levels – volumes are currently 20 per cent down.

Leasing finance continued to stumble in September falling a further four per cent to $515 million. This represents an 8 per cent decline on volumes in September last year.

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Published: 13-11-08

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