Australian Bureau of Statistics

Rate the ABS website
ABS Home > Statistics > By Release Date
5232.0 - Australian National Accounts: Financial Accounts, Jun 2007  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 28/09/2007   
   Page tools: Print Print Page Print all pages in this productPrint All RSS Feed RSS Bookmark and Share Search this Product

JUNE KEY FIGURES

Credit market outstandings at end
Demand for credit during
Other changes during
Credit market outstandings at end
Mar Qtr 2007
Jun Qtr 2007
Jun Qtr 2007
Jun Qtr 2007



Non-financial domestic sectors
$b
$b
$b
$b

Non-financial corporations
Private
1 835.4
42.7
62.6
1 940.6
National public
1.4
0.1
0.0
1.4
State and local public
50.3
1.0
0.0
51.3
General government
National
56.9
0.7
-0.8
56.8
State and local
32.4
1.7
0.0
34.1
Households
1 093.9
51.4
0.4
1 145.6
Total
3 070.4
97.5
62.1
3 230.0

Total demand for credit
Graph: Total demand for credit

Credit market outstandings
Graph: Credit market oustandings



JUNE KEY POINTS


SUMMARY

  • Total demand for credit by the non-financial domestic sectors for the June quarter 2007 was $97.5b, an increase of $32.4b on the previous quarter estimate. Increased borrowing by households (up $30.2b) was the major contributor to the increase.


NON-FINANCIAL CORPORATIONS
  • Private non-financial corporations raised a net $42.7b (down $1.5b), with equity raisings of $26.1b (up $10.8b) and loans of $20.3b (up $3.9b).


GENERAL GOVERNMENT
  • National general government raised a net $0.7b by issuing bonds worth $0.8b during the quarter. State and local general government raised a net $1.7b through loan issuance.


HOUSEHOLDS
  • Households raised a net $51.4b during the June quarter 2007, up from the March quarter estimate of $21.2b. Households borrowed $21.4b from banks (of which $4.0b was for owner-occupied housing and $5.3b for investment housing) and $25.3b from Financial intermediaries n.e.c. (up $19.6b).


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
September 2007 21 December 2007
December 2007 28 March 2008



CHANGES TO THIS ISSUE

There are no significant changes in this issue.



SIGNIFICANT EVENTS

The impact of legislative changes announced in 2006 that provided incentives for people to make voluntary contributions to their superannuation before 1 July 2007 are reflected in this quarter's estimates of the financial assets of pension funds and their corresponding liability to households. These estimates are preliminary and are subject to revision in future quarters.


There were no significant privatisations impacting the aggregates this quarter.



REVISIONS IN THIS ISSUE

There have been significant revisions back to September quarter 2003 to previously published aggregates due to:

  • quality assurance work undertaken with data providers to the ABS Survey of Financial Information, ABS Survey of International Investment and APRA administration data sets
  • a review of data sources and the application of various methods used in the compilation of the unlisted equity market have resulted in large revisions to the estimated values in these markets
  • investigations into the intra-group positions of banks and other depository corporations have resulted in revisions in the currency and deposits and loans markets.


CONFIDENTIALITY OF FUTURE FUND

During the June quarter, the Future Fund commenced investment activity. The Future Fund is a National General Government (NGG) unit and thus the investment activity and associated holdings of assets are recorded as part of the NGG sector. In order to maximise the availability of information about the activities of the NGG sector, ABS legislation allows the publication of identifiable information about this sector except where a request for confidentiality has been received from the relevant Minister. A request has been received and the relevant estimates have been confidentialised in this publication. The estimates will remain confidential in all future releases published up to and including 30 June 2008. As a consequence of suppressing estimates concerning the Future Funds investment activity, it has been necessary to consequentially suppress other series in the affected tables to preserve confidentiality.



INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Steve Whennan on Canberra (02) 6252 6711.


Bookmark and Share. Opens in a new window

Commonwealth of Australia 2014

Unless otherwise noted, content on this website is licensed under a Creative Commons Attribution 2.5 Australia Licence together with any terms, conditions and exclusions as set out in the website Copyright notice. For permission to do anything beyond the scope of this licence and copyright terms contact us.