Business lending picks up
After declining for four straight months, new business lending picked up in September.According to the latest Australian Bureau of Statistics lending finance data, new commercial finance commitments rose by 9.5 per cent in September 2015, compared with the previous month (in seasonally adjusted terms).This follows month-on-month falls of as much as 4.1 per cent between May and August.Both fixed lending and revolving credit rose strongly. Lease finance (a small category) fell 0.5 per cent, following a 32.8 per cent fall in August.Commercial finance commitments of A$46.1 billion in September were 14.1 per cent higher than the same time last year.New personal finance commitments fell 0.8 per cent in September, compared with the previous month.Personal finance commitments of $7.1 billion in September were 3.4 per cent lower than the same time last year.