5232.0 - Australian National Accounts: Finance and Wealth, Jun 2016 Quality Declaration
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 29/09/2016
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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 2016 was $61.4b. Demand for credit was driven by other private non-financial corporations who raised a net $23.5b and households who raised a net $29.6b. Public non-financial corporations ($6.3b) and national general government ($5.1b) also raised credit during the quarter.
Other private non-financial corporations raised credit primarily through issuance of shares and other equity ($21.0b) and loan borrowings ($7.9b), which was partially offset by maturities of bills of exchange ($2.8b) and bonds ($2.3b). Households raised credit primarily through the loans market with long term loans borrowed from banks ($20.5b) and securitisers ($9.7b). Public non-financial corporations raised credit through placements received from central borrowing authorities ($6.0b). National general government raised credit through bond issuances ($5.6b) which was partially offset by maturities of one name paper ($0.5b).
Graph 2. Credit market outstandings
Credit market outstandings of the domestic non-financial sectors at 30 June 2016 was $5,924.5b, an increase of $127.8b from the previous quarter. Demand for credit contributed $61.4b and valuation increases were $66.4b. This valuation increase was mainly driven by shares and other equity and bonds.
Other private non-financial corporations sector ($2,861.0b) has the largest credit market outstanding followed by the household sector and national general government, at $2,029.0b and $490.5b respectively.
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