Corporate confidence drives unexpected credit growth in September
SA’s private sector credit growth was up 4.6% year on year in September, exceeding market expectations
29 October 2024 - 15:23
The growth of SA’s private sector credit extension (PSCE) eased slightly in September but remained stronger than expected on the back of firm corporate demand. However, low household credit growth suggests consumers are still under pressure.
SA’s PSCE increased by 4.6% year on year in September, after recording a 5% year-on-year increase in the prior month — its highest increase in one year. This exceeded Bloomberg’s consensus forecast of 4%. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.