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Private Sector Credits rose by 0.3%

Friday, May 29 2015

From Australia, this morning, minor importance HIA New Home Sales and Private Sector Credit data was released. The Housing Industry Association (HIA) said its survey of large volume builders showed sales of new homes rose 0.6% in April, from March when they jumped 4.4%. Sales of multi-units rose 0.9% in the month, while sales of detached homes were up 0.4%. "The profile for new home sales in 2015 is consistent with a new home building cycle where further upward momentum resides largely in the 'multi-unit' sector and where the eastern seaboard states are driving the further growth," said HIA chief economist, Harley Dale.

Private Sector Credit figures showed 0.3% increase in April, below expected one by 0.5%. Housing credits were the largest contributor to the rise, while personal credits fell by 0.1% and business ones were unchanged compared to March.  Compared with the April 2014 credits were up by 6.1%, with also housing credits adding most to this increase.

 

All these news did not have any major impact on Aussie, which is currently being traded few points above 0.7660 level. Pair is likely to find support around 0.76 handle and resistance above 0.77 area. Later today, in the US session, GDP, Chicago PMI and Revised Consumer Sentiment figures are scheduled for a release.

More in this category: « Pending Home Sales up by 3.4% in April German Retail Sales up by 1.7% »

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