Australian Private Sector Credit -0.2% In Sep Vs Aug

SYDNEY -- Credit to the Australian private sector fell a seasonally adjusted 0.2% in September from August and rose 1.7% from a year earlier, the Reserve Bank of Australia said Friday.

Economists surveyed had forecast a rise in private sector credit of 0.2% in September from August.

Housing sector credit rose 0.7% in September from August and rose 7.7% from a year earlier, the RBA said.

Personal sector credit fell 0.2% in September from August and fell 5.6% from a year earlier, while business sector credit fell 1.3% from August and fell 4.6% from a year earlier.