5232.0 - Australian National Accounts: Finance and Wealth, Jun 2017 Quality Declaration
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 28/09/2017
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CREDIT MARKET SUMMARY
NON-FINANCIAL DOMESTIC SECTORS
Graph 1. Total demand for credit
Source(s): Table 2. Demand for Credit ($ million)
Demand for credit during June quarter 2017 was $88.1b. This was driven by households ($37.1b) and other private non-financial corporations ($33.4b) who raised credit throughout the June quarter with a smaller contribution by national general government of $17.6b.
Households raised credit primarily through the loans and placements market, with long term loans increasing $36.7b, driven by borrowings from banks of $66.3b offset by a decrease from securitisers of $30.0b (For further information on the treatment of securitisation please refer to the technical note in this publication). Other private non-financial corporations raised $30.3b of credit primarily through issuance of shares and other equity. National general government raised $18.0b of credit primarily through the issuance of bonds.
Graph 2. Credit market outstandings
Credit market outstandings of the domestic non-financial sectors as at 30 June 2017 was $6,297.6b, an increase of $112.1b from the previous quarter. Demand for credit contributed $88.1b with valuation increases of $24.0b. The valuation increase was mainly driven by shares and other equity issued by other private non-financial corporations.
Other private non-financial corporations sector ($3,079.3b) has the largest credit market outstanding followed by the households sector ($2,139.4b) and national general government at $553.2b.
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