Antipodean Macro

Antipodean Macro

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ONLY CHARTS #535

Aus credit growth, NZ ANZ business survey, NZ credit growth, NZ housing loans by maturity, China PMI

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Antipodean Macro
Mar 31, 2026
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1. Housing credit in Australia grew +0.6% m/m in February. The investor component remained strongest, growing +0.75% m/m, though this has moderated in recent months. Owner-occupier housing credit growth remained at +0.5% m/m.

2. Business credit in Australia continued to grow strongly in February, rising +0.8% m/m and an annualised 9.8% in 3-month-ended terms.

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