Personal finance falls 3.3pc

| October 16, 2012 | 0 Comments

PERSONAL finance loans fell by 3.3 per cent in August, official figures show.

The Australian Bureau of Statistics (ABS) today said personal finance commitments, seasonally-adjusted, dropped to $7.220 billion in August, from a downwardly revised $7.469 billion in July.

Total commercial loans in June fell 5.2 per cent to $27.591 billion, seasonally-adjusted, from $29.098 billion in July.

Lease finance was down 5.1 per cent to $528 million, compared with $556 million the previous month.

Housing finance for owner occupiers rose 1.3 per cent to $13.647 billion, from $13.477 billion the month before.

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Filed Under: Credit Card News

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