5232.0 - Australian National Accounts: Finance and Wealth, Mar 2015 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 25/06/2015   
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NON-FINANCIAL DOMESTIC SECTORS



Credit market outstandings at end
Demand for credit during
Other changes during
Credit market outstandings at end
Dec Qtr 2014
Mar Qtr 2015
Mar Qtr 2015
Mar Qtr 2015
$b
$b
$b
$b

Non-financial corporations
Investment funds
214.3
4.3
12.1
230.7
Other private
2 523.8
43.6
71.7
2 639.0
Public
122.9
2.0
-
124.9
General government
National
399.6
15.0
10.6
425.3
State and local
151.8
2.4
0.1
154.3
Households
1896.0
22.7
6.7
1 925.4
Total
5 308.4
90.1
101.1
5 499.6

- nil or rounded to zero (including null cells)



Graph 1. Total demand for credit
Graph Image for Graph 1. Total demand for credit


Demand for credit during March quarter 2015 was $90.1b. Other private non-financial corporations raised a net $43.6b, households raised a net $22.7b, and national general government raised a net $15.0b. Other private non-financial corporations recorded the largest demand for credit during March quarter 2015 where credit was raised primarily through loans and placements ($26.2b), issuance of shares and other equity ($13.7b) and issuance of bonds ($7.3b) which was partially offset by the redemption of bills of exchange ($2.9b). The household sector raised credit through loans and placements ($23.7b). The national general government raised credit through bond issuance ($16.0b) partially offset by maturities in one name paper ($1.0b).

Graph 2. Credit market outstandings
Graph Image for Graph 2. Credit market outstandings


Credit market outstandings of the domestic non-financial sectors at 31 March 2015 was $5,499.6b, an increase of $191.2b from the previous quarter. The demand for credit contributed $90.1b and valuation increases were $101.1b. The valuation increase is the largest recorded since September 2009 driven by other private non-financial corporations shares and other equity held by pension funds ($21.6b) and rest of the world ($17.4b). The other private non-financial corporations sector had the largest credit market outstanding recording $2,639.0b in the March quarter 2015, followed by the household sector and national general government, at $1925.4b and $425.3b respectively.