QTPA Member Alert |ABS Lending Finance, Australia, Aug 2013 (16/10/2013)

ABS Lending Finance, Australia, Aug 2013

AUGUST 2013 KEY FIGURES

	Jul 2013	Aug 2013	Jul 2013 to Aug 2013
	$m	$m	% change
TREND ESTIMATES
Housing finance for owner occupation (a)	15 240	15 299	0.4
Personal finance	7 821	7 795	-0.3
Commercial finance	33 929	34 400	1.4
Lease finance	434	409	-5.8
SEASONALLY ADJUSTED ESTIMATES
Housing finance for owner occupation (a)	15 322	15 038	-1.9
Personal finance	7 973	7 763	-2.6
Commercial finance	32 182	34 444	7.0
Lease finance	447	339	-24.2

(a) Excludes alterations and additions

AUGUST KEY POINTS

AUGUST 2013 COMPARED WITH JULY 2013:

HOUSING FINANCE FOR OWNER OCCUPATION

The total value of owner occupied housing commitments excluding alterations and additions rose 0.4% in trend terms, while the seasonally adjusted series fell 1.9%.

PERSONAL FINANCE

The trend series for the value of total personal finance commitments fell 0.3%. Fixed lending commitments fell 0.7%, while revolving credit commitments rose 0.1%.

The seasonally adjusted series for the value of total personal finance commitments fell 2.6%. Revolving credit commitments fell 3.7% and fixed lending commitments fell 1.9%.

COMMERCIAL FINANCE

The trend series for the value of total commercial finance commitments rose 1.4%. Fixed lending commitments rose 1.8% and revolving credit commitments rose 0.1%.

The seasonally adjusted series for the value of total commercial finance commitments rose 7.0% in August 2013, after a fall of 10.1% in July 2013. Fixed lending commitments rose 10.2%, after a fall of 2.5% in the previous month. Revolving credit commitments fell 2.8%, following a fall of 27.9% in the previous month.

LEASE FINANCE

The trend series for the value of total lease finance commitments fell 5.8% and the seasonally adjusted series fell 24.2%, following a fall of 12.4% in July 2013.