The value of personal finance arranged in March fell 1.3% after seasonal adjustment from February to $6.87bn, the Australian Bureau of Statistics said. The decline in personal finance comprised a 1.6% fall in revolving credit and a 1.1% fall in fixed lending. Commercial finance rose 1.1% in March in seasonally adjusted terms from February to $28.4bn.
A rise of 18% in revolving credit for commercial finance was accompanied by a fall of 5.5% in fixed-lending commitments. Lease finance increased by 5.8% in March after seasonal adjustment to $388m.