5232.0 - Australian National Accounts: Finance and Wealth, Dec 2017 Quality Declaration
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 29/03/2018
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DECEMBER KEY FIGURES
FINANCING RESOURCES AND INVESTMENT, ORIGINAL, CURRENT PRICES
In the December quarter 2017, non-financial corporations invested $53.7b which was funded by both gross saving and net borrowing. Households invested $44.5b and primarily funded this through gross saving. The general government sector invested $16.0b and funded investment through gross saving and net borrowing.
Graph 1. Total capital formation, current prices
National investment increased $7.7b in the December quarter 2017 to its highest level of $117.3b. While national investment fell steadily from a peak of $116.0b in December quarter 2012 following a decline in mining investment, growth in recent quarters was driven by both the private and public sector.
Private non-financial corporations investment was $47.6b in December quarter 2017. It has recovered from a low of $36.6b in March quarter 2017 following a steady decline since its peak of $63.5b in June quarter 2013. Household investment was $44.5b in December quarter 2017 and has grown steadily since the $25.4b recorded in March quarter 2013.
Graph 2. Net financial investment (Net lending (+) / net borrowing (-))
During December quarter 2017, national net borrowing was $14.0b with non-financial corporations borrowing $18.5b, financial corporations borrowing $4.9b and the general government borrowing $4.1b. In contrast, households lent $13.4b to other sectors.
Net borrowing of $18.5b by non-financial corporations was a result of acquiring $10.7b of financial assets and incurring $29.2b in liabilities. Financial assets acquired were equities, deposits and loans and placements. Non-financial corporations incurred liabilities through the issuance of equity.
Net borrowing of $4.9b by financial corporations was a result of acquiring $51.2b of financial assets and incurring $56.0b in liabilities. The acquisition of financial assets by financial corporations was driven by issuance of loans and the acquisition of equities, these were partly offset by derivative settlements. Financial corporations net incurrence of liabilities was driven by the acceptance of deposits, positive net transaction in equity in reserves and bond issuance. These were partly offset by settlement in derivative liabilities.
Net borrowing of $4.1b by general government was a result of acquiring $8.9b of financial assets and incurring $13.0b in liabilities. The financial assets primarily acquired by national general government were deposit assets, equities and loans and placements. These were partly offset by divestment in one name paper.
Households were net lenders in December quarter 2017. Households acquired $32.2b in net equity in reserves, of which unfunded super contributed $3.1b. Households acquired $10.4b in deposits assets and incurred liabilities through $30.8b in loan borrowings.
CHANGES TO THIS ISSUE
Following ongoing quality assurance work a number of data quality issues have been identified with Table 52. Nominal Value of Short Term Loans and Placements Market ($ million) and Table 53. Nominal Value of Long Term Loans and Placements Market ($ million). These tables will be unavailable until further notice. However, Table 45. The Short Term Loans and Placements Market ($ million) and Table 46. The Long Term Loans and Placements Market ($ million), which are on a market value basis, are available.
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 <firstname.lastname@example.org>.
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