FX.co ★ Australian Private Sector Credit Growth Eases to 0.6% in July 2026

Australia’s private sector credit growth slowed in July 2026, with the month‑over‑month indicator easing to 0.6%, down from 0.8% in June 2026. The latest data, updated on 31 August 2026, show a moderation in the pace of borrowing across the private sector compared with the previous month.

On a month‑over‑month basis, the “actual” figure of 0.6% for July reflects the change in private sector credit from June to July, while the “previous” 0.8% reading captured the change from May to June. The deceleration suggests a softer expansion in credit conditions, which could signal more cautious borrowing by businesses and households or a gradual cooling in underlying economic momentum.

Market participants and policymakers will be watching subsequent releases closely to assess whether July’s weaker reading marks the start of a broader trend or a temporary pause following stronger growth earlier in the year.