Commercial lending dipped in May but the longer-term trend shows the recovery in business lending is still progressing.According to the latest Australian Bureau of Statistics lending finance data, new commercial finance commitments fell six per cent in May, compared with the previous month (in seasonally adjusted terms). Lease finance (which is a much smaller market) was up 22.4 per cent over the same period.Meanwhile, personal finance commitments were up 9.1 per cent.In trend terms, personal finance commitments have been rising steadily over the past 12 months, while commercial finance commitments have been rising more strongly.Personal finance commitments of $8.7 billion in May were 7.9 per cent higher than commitments in May last year.Commercial finance commitments of $41 billion in May were 28 per cent higher than commitments in May last year.