Data out form the Bureau of Statistics on financing commitments for January has total commitments falling 2.8% from December, seasonally adjusted.

All the major sectors – housing, commercial and personal – were down.

Housing led the way with a 5% fall, then commercial (-1.6%) and personal (-1.5%).

Housing isn’t such a surprise given the end of the Government first home buyers grant scheme, but commercial at roughly $25 billion per month is still looking weak as an hour old kitten, compared to the $50 billion roaring lion at the early 2008 peak.

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Tags: finance commitments

This entry was posted on Monday, March 15th, 2010 at 12:18 pm and is filed under credit, economic indicator. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.