Australian Lending (Mar10) – volumes stabilising, maybe?

Posted on 19 May 2010

Australian Lending Finance figures for March 2010 have been released by the ABS (here). Both personal and commercial lending continued to bounce back from seasonal lows around the summer holidays – maybe commercial lending has found a floor?

Taking a longer term view of the landscape, an interesting comparable might be the long trough in lending volumes that occurred post the 1987 mushroom cloud. For reasons we have canvassed all too often, it’d be reasonable to expect that lending will remain subdued for the foreseeable future.