Interpac Business and Migration Solutions Melbourne Australia

Personal finance commitments fall 7.8pc PDF Print E-mail

(January 17,2012)

TOTAL personal finance commitments fell 7.8 per cent in November to $7,199 billion, Australian Bureau of Statistics (ABS) data shows.

The ABS today said the seasonally-adjusted commitments were down from $7.806 billion in October.

Total commercial finance in November fell 9.6 per cent to $33.098 billion, seasonally adjusted, from $36.624 billion in October.

Lease finance was up 15.1 per cent to $490 million, compared with $426 million October.

Housing finance for owner occupation rose 2.2 per cent to $13.790 billion, from $13.487 billion in October.

The value of finance commitments: (seasonally adjusted)

November October % change
Personal finance $7.199 bln $7.806 bln -7.8 pct
Commercial finance $33.098 bln $36.624 bln -9.6 pct
Lease finance $490 mln $426 mln 15.1 pct

Housing finance own/occ $13.790 bln $13.487 bln 2.2 pct

(source:news.com.au)

 

Follow Us on Facebook

News

Only a third of small firms have a websi

(May 22,2012) ALMOST two-thirds of small businesses do not have a presence on the internet, although those that have websites are enjoying more impressive financial results. Research by business software provider MYOB ...

READMORE

Bourse rallies on hopes of China stimulu

(May 21,2012) THE Australian equities market made a positive start to the week yesterday after last week's 5.6 per cent drubbing, on news China could contemplate a fresh stimulus package to ...

READMORE

Australia could be a capital 'safe haven

(May 18,2012) EUROPE'S economic turmoil could turn Australia into a safe haven for global capital, former Treasury secretary Ken Henry says. Mr Henry said the unfolding economic crisis in Europe will create ...

READMORE

Victorian prison project in trouble

(May 17,2012) UNIONS have called on the Victorian government to intervene in the Ararat prison development after builders were unable to pay contractors. The $400-million public-private partnership project may be up to ...

READMORE

Dollar falls below parity, hits five-mon

(May 16,2012) THE dollar fell below parity with the US dollar for the first time in almost five months, as political uncertainty in Greece and signs of an economic slowdown in ...

READMORE

Australian consumers in crisis mode

(May 15,2012) MORE than half of all Australians feel they have been personally affected the global downturn, despite the nation's strong economy. Some 58 per cent of respondents said they believed they ...

READMORE

Australian consumers in crisis mode

(May 14,2012) MORE than half of all Australians feel they have been personally affected the global downturn, despite the nation's strong economy. Some 58 per cent of respondents said they believed they ...

READMORE

Yahoo! CEO Scott Thompson says sorry for

(May 11 ,2012)YAHOO! CEO Scott Thompson says he is sorry for allowing an inaccuracy about his education to appear in his official biography, but not remorseful enough to heed calls ...

READMORE

Substance to OneSteel's new direction un

(May 10 ,2012)IT'S appropriate that OneSteel holders today used a futuristic hand-held gizmo to vote to change the company's name to Arrium, which is an ancient Incan term for "anything ...

READMORE

Trade deficit doubles as growth in impor

(May 09 ,2012) AUSTRALIA posted a seasonally adjusted trade deficit of $1.59 billion in March, compared with a deficit of $754 million in February, the Australian Bureau of Statistics said today. Economists ...

READMORE

More in: News

-
+
3

Subscribe RSS feed

Support

Newsletter Subscription




You are here  : Home News Personal finance commitments fall 7.8pc