The Australian Bureau of Statistics (ABS) reports a very slight increase in the financing activities for the month of July.

The ABS figure shows a 0.3 percent rise in the total value of owner occupied housing commitments excluding alterations and additions. In trend and seasonally adjusted terms, the increase for July is 2.3 percent.

A flat figure governs the trend series for the value of total personal finance commitments. Fixed lending commitments slightly climbed 0.6 percent, but revolving credit commitments went down 0.6 percent. In seasonally adjusted terms, the value of total personal finance commitments dropped 0.7 percent. Fixed lending commitments also went down 1.2 percent and so did revolving credit commitments by 0.3 percent.

Even the trend series for the value of total commercial finance commitments had a meager rise of 0.2 percent. Revolving credit commitments increased 0.4 percent and fixed lending commitments took a 0.1 percent increase. Seasonally adjusted data for the value of total commercial finance commitments is an increase of 8.2 percent, for fixed lending commitments the figure went up 9.2, and for revolving credit commitments the rise is 5.7 percent

The trend series for the value of total lease finance commitments increased 1.1 percent and the seasonally adjusted series went up 3.2 percent.