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Lending finance data from the ABS today shows slowing lending activity is not only confined to the housing sector.
Figures revealed that leasing finance fell by 5.6 per cent During July, seasonally adjusted, to $563 million. Commercial and personal finance also fell by 1.8 and 0.5 per cent respectively.
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Yesterday data showed that housing finance continues to slump; the number of owner-occupied loans issued in July falling by 0.1 per cent.
Published: 10-09-08
Today's other stories
- Subprime and non-conforming arrears rise
- Employment outlook remains bleak
- Business confidence and business conditions up in August
