|Home | Mail | Jobs | Area Profiles | Rezpremises|
|News | Property | Business | Farms | Hotels | Land | Investment|
Credit Demand Rises| News by Staff Reporter
Beating economists’ expectations by 0,6%
Growth in demand for credit by SA’s private sector was seen to quicken to 6,06% year-on-year in August, beating economists’ expectations by 0,6%.
According to data released today (Thursday 29 September) by the central bank growth in credit demand by South Africa’s private sector accelerated, more than expected, to 6,06% year-on-year in August from 5,65% in July.
The broadly defined M3 measure of money supply was seen to increase to 6,22% year-on-year in August from 5,59% in July.
Economists had predicted South African private sector credit demand to be at 5,46% year-on-year in August while growth in the M3 measure of money supply was seen at 5,45 % year-on-year.