5232.0 - Australian National Accounts: Finance and Wealth, Sep 2015 Quality Declaration
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 17/12/2015
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NON-FINANCIAL DOMESTIC SECTORS
Graph 1. Total demand for credit
Source(s): Table 2. Demand for Credit ($ million)
Demand for credit during September quarter 2015 was at its highest on record at $106.2b. Other private non-financial corporations raised a net $47.2b, national general government raised a net $26.9b, and households raised a net $23.8b.
Other private non-financial corporations raised credit primarily through shares and other equity ($28.9b) and loans and placements ($25.5b). Other private non-financial corporations recorded the largest issuance of shares and other equity since March quarter 2009. Borrowings through loans and placements was largest on record since September quarter 2007.
Credit market outstanding for the other private non-financial corporations sector continued to fall for the second consecutive quarter driven by valuations changes mainly in the listed equity market (-$121.7b).
National general government demand for credit reached a record high. The demand was met predominately through the issuance of bonds ($23.9b). Households ($25.2b) demand for credit subdued following high demands recorded in June quarter 2015 ($37.3b). Households predominately raised credit through borrowings in loans and placements ($25.2b) which was partially offset by maturities of bills of exchange (-$1.3b).
Graph 2. Credit market outstandings
Credit market outstandings of the domestic non-financial sectors at 30 September 2015 was $5,659.2b, an increase of $47.5b from the previous quarter. Demand for credit contributed $106.2b and valuation decreases were -$58.8b. The valuation decrease was driven by the listed shares and other equity market which recorded a valuation decrease of $121.6b.
Other private non-financial corporations sector ($2,707.7b) has the largest credit market outstanding followed by the household sector and national general government, at $1,991.3b and $448.7b respectively .Credit market outstanding for the other private non-financial corporations sector continued to fall for the second consecutive quarter driven by valuations changes mainly in the listed equity market (-$59.1b).
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