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.
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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.
Published: 13-11-08
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