5232.0 - Australian National Accounts: Finance and Wealth, Sep 2017 Quality Declaration
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 20/12/2017
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CREDIT MARKET SUMMARY
Graph 1. Total demand for credit
Demand for credit during September quarter 2017 was $48.9b. This was driven by other private non-financial corporations ($27.2b) and households ($14.7b) who raised credit throughout the September quarter.
Other private non-financial corporations raised $30.2b of credit primarily through issuance of shares and other equity. Households raised credit primarily through the loans and placements market, with long term loans increasing $16.6b, driven by borrowings from banks of $24.6b offset by a decrease from securitisers of $9.7b (For further information on the treatment of securitisation please refer to the technical note in this publication).
Graph 2. Credit market outstandings
Credit market outstandings of the domestic non-financial sectors as at 30 September 2017 was $6,570.4b, an increase of $54.8b from the previous quarter. Demand for credit contributed $48.9b with valuation increases of $5.9b. The valuation increase was mainly driven by shares and other equity issued by other private non-financial corporations.
Other private non-financial corporations sector has the largest credit market outstanding at $3,233.7b followed by the households sector at $2,155.0b and national general government at $549.6b.
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