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Commercial lending ticks up in April: ABS

by Lucy Dean6 minute read
Commercial lending ticks up in April: ABS

Month-on-month commercial finance lending has ticked up slightly in April following three months of negative growth, according to the Australian Bureau of Statistics.

Trend estimates of commercial lending commitments rose by 0.3 per cent in April, however seasonally adjusted estimates show a month-on-month drop of 4.8 per cent.

The ABS also reported an increase of revolving credit (a line of credit that is automatically replenished as debts are repaid) commitments of 4.1 per cent and a drop of 0.6 per cent for fixed lending commitments.

In contrast, seasonally adjusted figures revealed a fall of 21.8 per cent for revolving credit commitments and a boost of 0.7 per cent for fixed lending commitments.

[Related: SMEs prioritising growth and expansion, finds major bank]



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