Surge In Consumer Loans in October

Bank lending rose to $608 billion in October, a 1% up compared year on year with $601.7 billion in October last year. 

Overall, consumer loans rose to $249.5 billion, up 3.3% as compared to last year same month . Housing and bridging loans rose to $190.1 billion, an up of 3.6% year on year. 

surge in consumer loan october