5232.0 - Australian National Accounts: Finance and Wealth, Mar 2016 Quality Declaration
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 30/06/2016
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FINANCIAL MARKET SUMMARY
The listed share market decreased $60.9b in March quarter 2016, with net transactions of $5.2b and a valuation decrease of $66.1b. All sectors (excluding private non-financial investment funds) showed revaluation decreases in March quarter 2016 with bank shares recording the largest valuation decrease ($60.5b) followed by other private non-financial corporations ($4.1b). These valuation decreases were offset by an increase in private non-financial investment funds ($3.7b).
Net transactions in the loan market was $14.6b in March quarter 2016, driven by long term loans ($36.5b) as households ($26.7b) and other private non-financial corporations ($12.6b) continue to increase loan borrowings from banks. Short term loans offset the net positive transactions in long term loans with net repayments of $21.9b driven by repayments on loans borrowed from rest of world (-$22.5b).
Total deposits increased $14.0b in March quarter 2016, with net transactions of $25.6b and a valuation decrease of $11.6b. The increase in total deposits was driven by other deposits growing 0.7% in March quarter 2016. Other deposits grew at a faster rate than transferable deposits (0.6%) for the first time since March quarter 2014. National general government term deposits with the central bank ($11.3b) and households deposits into banks ($8.5b) were the main drivers of growth in other deposits.
Bonds increased $33.9b with net transactions of $37.1b offset by revaluations of -$3.2b in March quarter 2016. Net transactions in bonds were driven by net issuances from the national general government ($22.1b) and banks ($14.2b).
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