Login
ISCOVER
The value of national personal financing fell by 7.8 per cent to $12.581 billion from April to May, ABS data revealed today.
The result indicated that high interest rates and other price pressures had decreased consumers’ propensity to borrow.
As reported last week, finance for owner-occupied home loans also fell in May by 5.7 per cent to $6.262 billion.
You’re out of free articles for this month
To continue reading the rest of this article, please log in.
Create free account to get unlimited news articles and more!
Looking for more benefits?
Become a Premium Member.
Leasing finance suffered a decline of 7.1 per cent in May while commercial lending managed an increase of 3.2 per cent.
Published: 14-07-08
JOIN THE DISCUSSION