Credit to Private Non-Financial Sector by Domestic Banks, Adjusted for Breaks, for Austria
CRDQATBPABIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
396.99
Year-over-Year Change
6.88%
Date Range
10/1/1949 - 10/1/2024
Summary
This economic trend measures the volume of credit extended by domestic banks to the private non-financial sector in Austria, adjusted for statistical breaks. It provides insights into the availability of bank financing for businesses and households.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Credit to Private Non-Financial Sector by Domestic Banks, Adjusted for Breaks metric tracks the total amount of loans and other credit instruments provided by Austria's domestic banking system to private companies, consumers, and other non-financial entities. This data point is a key indicator of financial intermediation and the flow of capital within the Austrian economy.
Methodology
The data is collected and reported by the Bank for International Settlements (BIS) based on information provided by the Austrian central bank.
Historical Context
This credit data is widely used by economists, policymakers, and financial analysts to assess the health of Austria's private sector and the effectiveness of monetary and credit policies.
Key Facts
- Reached a peak of 194.4% of GDP in Q2 2020.
- Declined to 183.5% of GDP as of Q3 2022.
- Tracked closely with changes in Austrian economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of credit extended by domestic banks in Austria to the private non-financial sector, including businesses and households, adjusted for statistical breaks in the data series.
Q: Why is this trend relevant for users or analysts?
A: This credit data provides insights into the availability of financing for private sector activity, which is a key driver of economic growth. It is closely monitored by policymakers, investors, and economists to assess the health of Austria's financial system and private sector.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Bank for International Settlements (BIS) based on information provided by the Austrian central bank.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely track this credit data to gauge the effectiveness of monetary policy and credit conditions in supporting private sector activity and economic growth.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a lag of several months. There may also be statistical breaks in the series due to changes in reporting methodologies over time.
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Citation
U.S. Federal Reserve, Credit to Private Non-Financial Sector by Domestic Banks, Adjusted for Breaks, for Austria (CRDQATBPABIS), retrieved from FRED.