5232.0 - Australian National Accounts: Finance and Wealth, Sep 2016 Quality Declaration
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 15/12/2016
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CREDIT MARKET SUMMARY
NON-FINANCIAL DOMESTIC SECTORS
Graph 1. Total demand for credit
Source(s): Table 2. Demand for Credit ($ million)
Demand for credit during September quarter 2016 was $76.4b. Demand for credit was driven by other private non-financial corporations who raised a net $26.3b, national general government who raised a net $23.6b and households who raised a net $19.6b. Private non-financial investment funds ($4.3b) and state and local general government ($3.4b) also raised credit during the quarter.
Other private non-financial corporations raised credit primarily through issuance of shares and other equity ($23.7b) and loan borrowings ($9.2b), which was partially offset by maturities of bonds ($3.7b) and bills of exchange ($2.6b). National general government raised credit primarily through issuance of bonds ($24.2b). Households raised credit primarily through the loans market with long term loans borrowed from banks ($28.0b), which was partially offset by maturities of long term loans from securitisers ($3.9b) and maturities of short term loans from banks ($1.7b). Private non-financial investment funds raised credit through issuance of shares and other equity ($4.1b). State and local general government raised credit through loans and placements received from central borrowing authorities ($3.4b).
Graph 2. Credit market outstandings
Credit market outstandings of the domestic non-financial sectors at 30 September 2016 was $6,036.6b, an increase of $100.0b from the previous quarter. Demand for credit contributed $76.4b and valuation increases were $23.6b. This valuation increase was mainly driven by shares and other equity.
Other private non-financial corporations sector ($2,925.3b) has the largest credit market outstanding followed by the household sector and national general government, at $2,052.0b and $514.7b respectively.
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