|Page tools: Print Page Print All RSS Search this Product|
MARCH KEY FIGURES
FINANCING RESOURCES AND INVESTMENT, ORIGINAL, CURRENT PRICES
In the March quarter 2017, non-financial corporations and households invested $44.2b and $36.3b respectively. Non-financial corporations funded these investments through gross saving ($26.9b) and net borrowing ($15.0b). Households funded their investment through gross saving ($36.5b). The general government sector invested $13.8b and funded it through gross savings ($11.2b).
Graph 1. Total capital formation, current prices
In original terms national investment decreased $14.3b in the March quarter 2017 to $97.0b from the December quarter 2016 estimate.
Private non-financial corporations gross fixed capital formation has decreased to $38.7b in March quarter 2017 after falling from its peak in June quarter 2013 ($61.7b). Household sector gross fixed capital formation was $36.3b in March quarter 2017, compared to $25.6b recorded in March quarter 2013.
Graph 2. Net financial investment (Net lending (+) / net borrowing (-))
Source(s): Table 4. National Financial Assets and Liabilities ($ million); Table 6. Financial Assets and Liabilities of Non-Financial Corporations ($ million); Table 14. Financial Assets and Liabilities of Financial Corporations ($ million); Table 27. Financial Assets and Liabilities of General Government ($ million); Table 33. Financial Assets and Liabilities of Households ($ million)
During March quarter 2017, national net borrowing was $5.5b with non-financial corporations borrowing of $15.0b. By contrast, financial corporations and general government lent $6.6b and $2.9b respectively to other sectors.
Net borrowing of $15.0b by non-financial corporations was a result of incurring $13.6b in liabilities and disposal of financial assets ($1.3b). Non-financial corporations net incurrence of liabilities was driven by issuance of equity ($12.3b). The net disposal of financial assets by non-financial corporations was driven by a reduction in other accounts receivable ($3.9b) and a disposal of bonds ($2.2b), which were partially offset by acquisition of loans ($2.7b) and equities ($2.2b).
Financial corporations were net lenders ($6.6b), acquiring $1.3b in financial assets while reducing $5.3b in liabilities. Financial assets acquired were one name paper ($15.3b) and bonds ($15.6b). These asset acquisitions were offset by derivative settlements ($31.4b). Financial corporations reduced liabilities through the settlement of derivative contracts ($32.4b) and the repayment of bond liabilities ($11.2b), this was offset by an increase in net equity in reserves of $17.1b and acceptance of deposits ($13.8b).
Net lending of $2.9b by general government was due to the acquisition of financial assets ($21.4b) while incurring $18.5b in liabilities. National general government acquired $15.4b in financial assets during the quarter mainly through deposits ($8.0b) and other accounts receivable ($7.3b). During the quarter they issued $17.2b of bonds contributing to the increase in their liabilities. State and local general government acquired loan and placement assets of $5.7b.
Households remained net borrowers ($0.1b) in March quarter 2017. Households acquired $27.7b in financial assets through bank deposits ($10.7b) and increases net equity in reserves of pension funds ($19.5b). Households incurred liabilities through loan borrowings ($21.3b) and other accounts payable ($7.1b).
CHANGES TO THIS ISSUE
There are no changes to this issue.
REVISIONS IN THIS ISSUE
There have been revisions to previously published aggregates due to:
CHANGES IN FUTURE ISSUES
There are no changes to future issues.
For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or National accounts by email <email@example.com>.
These documents will be presented in a new window.