NON-FINANCIAL DOMESTIC SECTORS

		Credit market outstandings at end	Demand for credit during	Other changes during	Credit market outstandings at end
		Mar Qtr 2015	Jun Qtr 2015	Jun Qtr 2015	Jun Qtr 2015
		$b	$b	$b	$b
Non-financial corporations
	Investment funds	229.0	10.4	-23.7	215.7
	Other private	2 747.3	10.0	-16.3	2 741.1
	Public	128.8	-1.0	-	127.8
General government
	National	425.3	5.7	-16.2	414.8
	State and local	154.1	-3.6	-0.1	150.5
Households		1 932.0	37.0	3.0	1 972.0
Total		5 616.4	58.5	-53.2	5 621.7
- nil or rounded to zero (including null cells)

Graph 1. Total demand for credit


Demand for credit during June quarter 2015 was $58.5b. Households raised a net $37.0b, private non-financial investment funds raised a net $10.4b, and national general government raised a net $5.7b. Households recorded the largest demand for credit since June quarter 2007, raised primarily through loans and placements ($38.6b). Other private non-financial corporations recorded the lowest demand for credit since December quarter 2009, raised through the issuance of shares and other equity ($11.3b) and issuance of bonds ($10.2b), these were partially offset by the repayment of loans and placements (-$8.6b). The national general government raised credit through bond issuance ($6.7b) which was partially offset by maturities in one name paper ($1.0b).

Graph 2. Credit market outstandings


Credit market outstandings of the domestic non-financial sectors at 30 June 2015 was $5,621.7b, an increase of $5.3b from the previous quarter. Demand for credit contributed $58.5b and valuation decreases were -$53.2b. The valuation decrease was driven by the listed shares and other equity equity market which recorded a valuation decrease of $129.4b. The other private non-financial corporations sector had the largest credit market outstanding recording $2,741.1b in the June quarter 2015, followed by the household sector and national general government, at $1972.0b and $414.8b respectively.