Advertisement
Powered by MOMENTUM MEDIA
lawyers weekly logo
Broker

Business lending slumps

3 minute read
The Adviser

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.

 

default

JOIN THE DISCUSSION

You need to be a member to post comments. Become a member for free today!
You have 0 free articles left this month.
Register for a free account to access unlimited free content, or become a PREMIUM MEMBER to enjoy a wide range of benefits