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The value of total commercial finance achieved a seasonally adjusted increase of 14.4 per cent in January to $51.007 billion, ABS figures revealed today.
The increase was attributed to a rise in both revolving credit commitments (up 20.2%) and fixed lending commitments (up 12.0%).
Leasing finance commitments also rose in January to $627 million, seasonally adjusted. This represented an increase of 7.3 per cent from the $584 million recorded in December 2007.
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Published: 12-03-08
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