Private Credit Growth — methodology

What this metric measures

Twelve-month growth in credit to the private non-financial sector: housing, personal and business credit combined.

Why it matters: Credit growth tracks whether households and businesses are expanding or paying down debt. Rapid growth can signal overheating; contraction signals a credit crunch.

Source & provenance

Publisher

RBA Table D1 (DGFACNF12) — credit to the private non-financial sector, 12-month ended growth

Update frequency

monthly

Licence

CC BY 4.0

How the score is computed

The score is a 0–100 normalisation of the latest observation, compared to a baseline window. The traffic-light rating (RAG) reflects both the absolute level and the recent trend.

Direction

Context-dependent

Trend window

24 months

Baseline

Last 10 years

{
  "neutral": true
}