Total Credit to Non-Financial Corporations, Adjusted for Breaks, for Australia
QAUNAM770A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
60.80
Year-over-Year Change
-4.55%
Date Range
10/1/1977 - 10/1/2024
Summary
This economic trend tracks the total credit extended to non-financial corporations in Australia, adjusted for any data breaks. It provides insights into the level of business financing and investment activity in the Australian economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Total Credit to Non-Financial Corporations, Adjusted for Breaks, for Australia is a key indicator of the overall financing conditions and credit market activity for private businesses in the country. It is used by economists and policymakers to assess the availability of capital for investment and expansion.
Methodology
The data is collected and compiled by the Reserve Bank of Australia based on financial reporting from banks and other lending institutions.
Historical Context
This metric is closely monitored by the Reserve Bank of Australia and other government agencies to inform monetary and fiscal policy decisions.
Key Facts
- Australia's total business credit reached a record high in 2022.
- Credit growth has slowed in recent quarters due to rising interest rates.
- The trend is a leading indicator of investment and economic activity.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total amount of credit and financing extended to non-financial businesses and corporations in Australia, adjusted for any changes or breaks in the data collection methodology.
Q: Why is this trend relevant for users or analysts?
A: The total business credit level is a key indicator of investment, economic growth, and the overall health of the private sector in Australia. It provides valuable insights for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is compiled by the Reserve Bank of Australia based on reports from banks and other lending institutions operating in the country.
Q: How is this trend used in economic policy?
A: The Reserve Bank of Australia and other government agencies closely monitor this metric to inform monetary policy decisions and assess the availability of capital for business investment and expansion.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a typical lag of 1-2 months. There may be occasional revisions to account for changes in data collection or reporting methodologies.
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Citation
U.S. Federal Reserve, Total Credit to Non-Financial Corporations, Adjusted for Breaks, for Australia (QAUNAM770A), retrieved from FRED.