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Business lending slumps

Staff Reporter 1 minute read

Economic uncertainty weighed on business lending in April according to data released by the ABS yesterday.

Commercial finance fell a disappointing 12.9 per cent, seasonally adjusted, to $27.066 billion, following a 23 per cent rise in March.

In addition lease finance fell 8.4 per cent to $422 million.

Consumers also remain cautious about taking on personal debt with personal finance rising by just 0.2 per cent.

 

Business lending slumps
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