In Australia, Private Sector Credit MoM measures the month-over-month change in credit extended to the private sector, which encompasses credit for housing, personal, and business expenditures, including securitisations. This indicator is important for analyzing trends in borrowing and lending, providing insight into economic activity and consumer confidence within the private sector.
A higher than expected figure should be seen as positive (bullish) for the AUD while a lower than expected figure should be seen as negative (bearish) for the AUD.