Australian borrowings on credit cards, personal loans and overdrafts rose 3 per cent, seasonally adjusted, in May after slipping nearly 6 per cent the previous month, new figures yesterday showed.
The Australian Bureau of Statistics (ABS) said total personal finance commitments rose to A$5.91 billion ($6.65 billion) in May.
The ABS said the biggest contributor to the growth in personal borrowings was a rise in motor vehicle commitments.
Cars bump up credit
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