Proprietary Report with Analysis on Australia Consumer Credit Card Debt.
Australian credit card outstandings edged up by 0.4% year-on-year (YOY) in April. Credit card credit limits increased 0.7% YOY and the number of credit card accounts rose 1.2% YOY in April.
The average balance per account in April declined 0.8% YOY to AU$3104, compared to AU$3146 for March, and AU$3130 for April 2016. Credit card outstandings for April hit AU$52.2 billion, compared to . . .