Housing finance up in May

AUSTRALIA'S total personal finance loans rose 0.4 per cent in May, official figures show.

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July 16, 2012 - 2:43PM

AAP

AUSTRALIA'S total personal finance loans rose 0.4 per cent in May, official figures show.

The Australian Bureau of Statistics (ABS) on Monday said seasonally-adjusted personal finance commitments increased to $7.348 billion in May, up from $7.315 billion in April.

Total commercial loans in May fell 12.0 per cent to $31.022 billion, seasonally adjusted, from $35.244 billion in April.

Lease finance was up 3.2 per cent to $569 million, compared with $551 million in April.

Housing finance for owner occupation rose 0.2 per cent to $13.637 billion, from $13.610 billion the month before.