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Commercial finance activity surged in March to $30.498 billion, ABS data showed yesterday, providing an encouraging sign that business’ appetite for debt and investment could be improving.
The increase represented an improvement of more than 20 per cent from February, seasonally adjusted, recovering the entire 15 per cent decline recorded during that month.
Compared to the same time last year however commercial finance remains down by 24 per cent.
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Housing finance was strong during March, rising 7 per cent, while personal finance remains lacklustre, declining by 2 per cent over the month.
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