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Chart of the Day: Consumer loan growth moderates in May
It went up by a measly 1%.
This chart from Maybank Kim Eng shows the easing in consumer loans, which reflected only a 1% growth in May.
According to Maybank Kim Eng, the moderation in consumer loans came as housing loans grew 4.1%, despite some adjustments to property cooling measures in March. This is, however, continued to be constrained by the remaining measures in place.
Consumer loans under the others category fell 5.6%, whilst credit cards and car loans rose 3.3% and 2.2%, respectively.
"However, these segments are not significant to swing consumer lending, as they formed only 6% of total consumer loans.," Maybank Kim Eng said.
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