Methodology: Australia

EconoMonitor Research Desk Last updated 2026-10-26 Data as of 2026-09-30 (data build of 2026-10-26)

EconoMonitor's Australian series come from the Reserve Bank of Australia (RBA) and the Australian Bureau of Statistics (ABS), monthly or quarterly from January 2006 where the publisher's history allows. Data for individual banks and superannuation funds from the Australian Prudential Regulation Authority (APRA) is loaded and checked, and will be published on institution pages once those pages are built.

Sources

Checks for this dataset

  • Check A: every series value and every APRA value rebuilt from the raw tables equals the stored value.
  • Check B: real GDP growth agrees with growth computed from real GDP levels, within 0.1 percentage points of rounding.
  • Check B: the published quarterly change in the consumer price index agrees with the change in the index itself, within 0.1 percentage points.
  • Check B: the RBA's monthly bond yields equal the average of its daily yields.
  • Check B: total credit excluding financial businesses equals housing plus other personal plus non-financial business credit.
  • Check B: APRA capital ratios equal capital divided by risk-weighted assets, risk-weighted assets equal the sum of their risk charges, and loan and deposit totals equal the sum of their components.

Units and periods

Monthly values are dated at the last day of the month and quarterly values at the last day of the quarter. Amounts are in Australian dollars as published.

Series definitions

Australian Government 10-year bond yield

Yield on Australian government bonds, interpolated, 10 years maturity, monthly average.

Unit
percent
Frequency
monthly, not applicable
Source
Reserve Bank of Australia statistical tables (RBA table F2.1), series FCMYGBAG10
Data page
Australian Government 10-year bond yield

Australian Government 10-year minus 2-year yield spread

Difference between the monthly average 10-year and 2-year government bond yields.

Unit
percentage points
Frequency
monthly, not applicable
Formula
au_agb_10y - au_agb_2y
Source
Reserve Bank of Australia statistical tables (RBA table F2.1), series FCMYGBAG10 (Australian Government 10-year bond yield), FCMYGBAG2 (Australian Government 2-year bond yield); the spread is derived by EconoMonitor
Data page
Australian Government 10-year minus 2-year yield spread

Australian Government 2-year bond yield

Yield on Australian government bonds, interpolated, 2 years maturity, monthly average.

Unit
percent
Frequency
monthly, not applicable
Source
Reserve Bank of Australia statistical tables (RBA table F2.1), series FCMYGBAG2
Data page
Australian Government 2-year bond yield

Business credit (series ended June 2019)

Business credit, seasonally adjusted. Discontinued by the RBA in June 2019; see au_nonfinancial_business_credit.

Unit
AUD
Frequency
monthly, seasonally adjusted
Source
Reserve Bank of Australia statistical tables (RBA table D2), series DLCACBS
Status
Series discontinued by the publisher
Data page
Business credit (series ended June 2019)

Business credit growth, 12 months (series ended June 2019)

12-month-ended growth in business credit. Discontinued by the RBA in June 2019.

Unit
percent
Frequency
monthly, seasonally adjusted
Source
Reserve Bank of Australia statistical tables (RBA table D1), series DGFACB12
Status
Series discontinued by the publisher
Data page
Business credit growth, 12 months (series ended June 2019)

RBA cash rate target

Cash rate target, monthly average.

Unit
percent
Frequency
monthly, not applicable
Source
Reserve Bank of Australia statistical tables (RBA table F1.1), series FIRMMCRT
Data page
RBA cash rate target

Consumer price index, all groups

All groups CPI, Australia, original series, index numbers on the base the ABS currently publishes.

Unit
index (as published by ABS)
Frequency
quarterly, not seasonally adjusted
Source
Australian Bureau of Statistics Data API (Consumer Price Index (6401.0)), series ABS,CPI,2.0.0:1.10001.10.50.Q
Data page
Consumer price index, all groups

CPI change from the previous quarter

Percent change in the all groups CPI from the previous quarter, as published by the ABS.

Unit
percent
Frequency
quarterly, not seasonally adjusted
Source
Australian Bureau of Statistics Data API (Consumer Price Index (6401.0)), series ABS,CPI,2.0.0:2.10001.10.50.Q
Data page
CPI change from the previous quarter

CPI inflation, change from a year earlier

Percent change in the all groups CPI from the same quarter a year earlier, calculated by EconoMonitor from the ABS index.

Unit
percent
Frequency
quarterly, not seasonally adjusted
Formula
(au_cpi / au_cpi 4 quarters earlier - 1) x 100
Source
Australian Bureau of Statistics Data API (Consumer Price Index (6401.0)), series ABS,CPI,2.0.0:1.10001.10.50.Q (Consumer price index, all groups); the change on a year earlier is derived by EconoMonitor
Data page
CPI inflation, change from a year earlier

Housing credit

Owner-occupier plus investor housing credit, seasonally adjusted, including securitisations.

Unit
AUD
Frequency
monthly, seasonally adjusted
Formula
DLCACOHS + DLCACIHS
Source
Reserve Bank of Australia statistical tables (RBA table D2), series DLCACOHS + DLCACIHS; the total is derived by EconoMonitor
Data page
Housing credit

Housing credit growth, 12 months

12-month-ended growth in housing credit (adjusted for series breaks by the RBA).

Unit
percent
Frequency
monthly, seasonally adjusted
Source
Reserve Bank of Australia statistical tables (RBA table D1), series DGFACH12
Data page
Housing credit growth, 12 months

Investor housing credit

Investor housing credit, seasonally adjusted.

Unit
AUD
Frequency
monthly, seasonally adjusted
Source
Reserve Bank of Australia statistical tables (RBA table D2), series DLCACIHS
Data page
Investor housing credit

Non-financial business credit

Credit to non-financial businesses, seasonally adjusted, including securitisations.

Unit
AUD
Frequency
monthly, seasonally adjusted
Source
Reserve Bank of Australia statistical tables (RBA table D2), series DLCACNFBS
Data page
Non-financial business credit

Non-financial business credit growth, 12 months

12-month-ended growth in credit to non-financial businesses (adjusted for series breaks by the RBA).

Unit
percent
Frequency
monthly, seasonally adjusted
Source
Reserve Bank of Australia statistical tables (RBA table D1), series DGFACBNF12
Data page
Non-financial business credit growth, 12 months

Owner-occupier housing credit

Owner-occupier housing credit, seasonally adjusted.

Unit
AUD
Frequency
monthly, seasonally adjusted
Source
Reserve Bank of Australia statistical tables (RBA table D2), series DLCACOHS
Data page
Owner-occupier housing credit

Real GDP

Gross domestic product, chain volume measures, seasonally adjusted.

Unit
AUD (chain volume)
Frequency
quarterly, seasonally adjusted
Source
Australian Bureau of Statistics Data API (Australian National Accounts (5206.0)), series ABS,ANA_AGG,1.0.0:M1.GPM.20.AUS.Q
Data page
Real GDP

Real GDP growth (quarter on quarter)

Percent change in real GDP from the previous quarter, as published by the ABS.

Unit
percent
Frequency
quarterly, seasonally adjusted
Source
Australian Bureau of Statistics Data API (Australian National Accounts (5206.0)), series ABS,ANA_AGG,1.0.0:M2.GPM.20.AUS.Q
Data page
Real GDP growth (quarter on quarter)

Total credit (series ended June 2019)

Total credit, seasonally adjusted. Discontinued by the RBA in June 2019; see au_total_credit_excl_financial.

Unit
AUD
Frequency
monthly, seasonally adjusted
Source
Reserve Bank of Australia statistical tables (RBA table D2), series DLCACS
Status
Series discontinued by the publisher
Data page
Total credit (series ended June 2019)

Total credit excluding financial businesses

Total credit excluding lending to financial businesses, seasonally adjusted, including securitisations.

Unit
AUD
Frequency
monthly, seasonally adjusted
Source
Reserve Bank of Australia statistical tables (RBA table D2), series DLCACFS
Data page
Total credit excluding financial businesses

Unemployment rate

Unemployment rate, persons, 15 years and over, seasonally adjusted.

Unit
percent
Frequency
monthly, seasonally adjusted
Source
Australian Bureau of Statistics Data API (Labour Force, Australia (6202.0)), series ABS,LF,1.0.0:M13.3.1599.20.AUS.M
Data page
Unemployment rate

Built from data build 20261026T074019Z, exported 2026-10-26.