Lending figures today pointed to a further slowing of the Australian economy with a sizeable drop in commerce finance in November.
The Australian Bureau of Statistics figures found commercial finance lending down 18.3 per cent seasonally adjusted in November following a large rise in October.
The data coincided with the first official interest rate rise in early November, but does not take into account the second rate rise of 0.25 percentage points in December.
Source: The Advertiser
