Personal finance on the rise

Personal finance on the rise

12 December 2007

The Australian Bureau of Statistics (ABS) has released figures for October showing that our total personal finance commitments rose by 7.7%.

The seasonally adjusted figures show an increase of $6.859 billion compared to $6.371 billion in September.

The increase is due to a rise in revolving credit commitments, which rose 9.4%, and fixed lending commitments, which are up 5.6%.

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