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5232.0 - Australian National Accounts: Financial Accounts, Sep 2007  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 20/12/2007   
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SEPTEMBER KEY FIGURES

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



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

Non-financial corporations
Private
1 946.6
46.0
41.5
2 034.2
National public
1.4
0.0
0.0
1.4
State and local public
51.3
0.5
0.0
51.9
General government
National
56.8
0.7
2.0
59.5
State and local
34.1
2.6
-0.5
36.2
Households
1 146.6
19.4
0.0
1 166.0
Total
3 236.9
69.2
43.0
3 349.2

Total demand for credit
Graph: Total demand for credit

Credit market outstandings
Graph: Credit market oustandings



SEPTEMBER KEY POINTS


SUMMARY

  • Total demand for credit by the non-financial domestic sectors for the September quarter 2007 was $69.2b, a decrease of $25.2b on the previous quarter estimate. Decreased borrowing by households (down $33.0b) was the major contributor to the decrease offset by increase borrowings (up $7.4b) by private non-financial corporations.


NON-FINANCIAL CORPORATIONS
  • Private non-financial corporations raised a net $46.0b, with equity raisings of $20.3b (down $4.3b) and loans of $19.2b (up $0.3b).


GENERAL GOVERNMENT
  • National general government raised a net $0.7b by issuing bonds during the quarter. State and local general government raised a net $2.6b through loan issuance.


HOUSEHOLDS
  • Households raised a net $19.4b during the September quarter 2007, down from the June quarter estimate of $52.4b. Households borrowed $20.2b from banks (of which $13.2b was for owner-occupied housing and $5.0b for investment housing) and repaid $2.0b to financial intermediaries n.e.c. (down $28.3b).


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
December 2007 28 March 2008
March 2008 27 June 2008



CHANGES TO THIS ISSUE

There are no significant changes in this issue.



SIGNIFICANT EVENTS

There were no significant privatisations impacting the aggregates this quarter.



REVISIONS IN THIS ISSUE

There have been revisions back to December quarter 2005 to previously published aggregates due to:

  • quality assurance work undertaken with data providers to ABS Survey of Financial Information, ABS Survey of International Investment and APRA administration data sets.
  • revisions to data sources and methods used in the compilation of the listed and unlisted equity markets have resulted in some significant revisions to the estimated values in these 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 Fund's 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.


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