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New Zealand Housing Loans Rise in April; Personal, Business, Agriculture Loans Fall

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New Zealand housing loans increased in April, while personal, business, and agricultural lending declined from the previous month, according to data from the Reserve Bank of New Zealand released on Friday.

Total housing loans from registered banks and non-bank lending institutions in New Zealand grew to NZ$397.02 billion in April from NZ$395.64 billion in March. Total personal consumer lending fell to NZ$14.46 billion in April from NZ$14.54 billion in the previous month.

Total business lending decreased to NZ$142.61 billion in the period, from NZ$142.66 billion. Meanwhile, agricultural lending fell to NZ$62.19 billion in April, from NZ$63.64 billion in the previous month.

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