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In April 2011, M3 money supply increased by 6.0% year-over-year, falling short of the market's expectation of 6.9%. The private sector credit also showed strength, growing by 6.2% year-over-year, exceeding the anticipated 5.6%. Monthly trends indicated significant movements, with asset-based finance and consumer credit experiencing notable growth rates. Specifically, consumer credit growth stood at 6.9%, with additional increases in mortgage lending and individual credit card debt. These indicators reflect the economic climate and lending behavior at the time.
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Growth in M3 money supply %y/y M3 grew by 6.0%y/y in April 2011. Market was expecting +6.9%y/y
Growth in private credit %y/y Private sector credit grew by +6.2%y/y in April 2011. Market was expecting +5.6%y/y
SA monthly growth in private sector credit %m/m, 3-month average, excluding investments
SA monthly growth in mortgage credit R billion
Growth in Asset-Based Finance %y/y Asset based Finance
Rate of growth in consumer credit %y/y Consumer credit +6.9%y/y
SA consumer credit R billion, month-on-month, 3-month moving average
Growth in Other Loans and Advances %y/y Other Loans & Advances Growth Now at 6.9%y/y