5232.0 - Australian National Accounts: Finance and Wealth, Dec 2019 Quality Declaration
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 26/03/2020
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December key figures
National investment reaches a record high
National investment rose by $10.2b this quarter to $122.9b, the highest level on record.
Graph 1. Total capital formation, current prices
Household investment grew to $43.6b, up from $38.9b in the previous quarter.
General government investment increased by $4.1b this quarter to $21.1b. This was impacted by the purchase of assets from the public corporations sector.
Non-financial corporations investment increased by $1.2b to $54.8b. There was a stronger than usual build up of mining inventories this quarter. Inventories of coal increased as production returned to more typical levels following planned and unplanned maintenance during the September quarter.
Australia is a net lender for a third consecutive quarter
National net lending was $1.7b in December quarter 2019, a slowdown from the $6.1b and $3.1b recorded in the June and September quarters 2019. Australia repaid $7.9b of liabilities with non-residents and disposed $6.3b of financial assets.
The decrease in Australia's liabilities to rest of the world of $53.4b was driven by the settlement of $41.5b in derivative contracts by authorised deposit taking institutions (ADIs). This was partly offset by non-residents acquiring private non-financial corporations' shares and other equity ($9.9b) and short term debt securities ($25.7b) issued by ADIs. Australia's transactions of financial assets during the quarter was -$6.3b as residents settled $42.3b of ADI derivative contracts with the rest of world, this was partly offset by acquisition of $21.2b in overseas shares and lending of $9.5b in loans to rest of world.
Graph 2. Net financial investment (net lending (+) / net borrowing (-))
Non-financial corporations were net borrowers of $17.0b, driven by issuance of equity ($23.5b).
The general government was a net borrower of $7.4b, driven by the disposal of currency and deposit assets ($9.1b) and the issuances of short term debt securities ($7.5b) and loan borrowings ($6.0b).
Households were net lenders of $22.9b, accumulating $11.7b in deposits and accruing $19.3b in net equity in reserves of pension funds (superannuation), these were offset by loan borrowings of $19.8b.
Changes to this issue
Table 53. Nominal Value of Short Term Loans and Placements Market ($ million) and Table 54. Nominal Value of Long Term Loans and Placements Market ($ million) are available in this release following quality assurance work.
Revisions in this issue
This issue contains revisions to the original estimates of the capital accounts back to September quarter 2014 and concurrent seasonal adjustment.
There have been revisions to the financial accounts and balance sheets due to quality assurance reviews affecting the published aggregates after December quarter 2017, in addition to amendments to data collected in the ABS Survey of Financial Information, ABS Survey of International Investment and to data derived from Australian Prudential Regulation Authority (APRA) administrative data sets.
New ABS website
The ABS will be launching a new website in 2020. You will soon be able to see how this release will appear on the new website by exploring our Beta site. Regular users of this information are encouraged to explore the Beta site and consider if this will affect the way you access and consume ABS data and information. If you would like more information on the new ABS website, or want to discuss how the transition to the new site might impact you, please email newABSwebsite@abs.gov.au.
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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