Personal finance on the rise

Wednesday December 12, 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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