|Page tools: Print Page Print All RSS Search this Product|
JUNE KEY FIGURES
FINANCING RESOURCES AND INVESTMENT, ORIGINAL, CURRENT PRICES
During June quarter 2016, non-financial corporations and households invested $47.3b and $38.7b respectively in capital formation. Non-financial corporations funded these investments through gross saving ($41.3b) and net borrowing ($11.9b). Households funded their investment through gross saving ($36.5b). The general government sector invested $19.4b in capital formation, funding it through net borrowings ($7.5b) and gross saving ($8.5b).
Graph 1. Total capital formation, current prices
In original terms, national capital investment increased $16.1b from the March quarter 2016 estimate to $108.0b in June quarter 2016. The increase was driven by a $15.1b increase in gross fixed capital formation.
Private non-financial corporations gross fixed capital formation has fallen since peaking in June quarter 2013 ($59.3b), this has been driven by decreased non-dwelling construction investment. Conversely, household sector gross fixed capital formation has continued to grow since March quarter 2013 ($26.8b), this has been driven by increased investment in dwellings.
Graph 2. Net financial investment (Net lending (+) / net borrowing (-))
Source(s): Table 4. National Financial Assets and Liabilities ($ million); Table 6. Financial Assets and Liabilities of Non-Financial Corporations ($ million); Table 14. Financial Assets and Liabilities of Financial Corporations ($ million); Table 27. Financial Assets and Liabilities of General Government ($ million); Table 33. Financial Assets and Liabilities of Households ($ million)
During June quarter 2016, national net borrowing was $14.2b, driven by non-financial corporations borrowing of $11.9b and general government borrowing of $7.5b. By contrast, households lent $5.3b to other sectors.
Net borrowing of $11.9b by non-financial corporations was a result of incurring $33.2b in liabilities while acquiring $21.3b in financial assets. Non-financial corporations net incurrence of financial liabilities was driven by issuance of equity ($22.8b) and loan borrowings ($13.2b). Non-financial corporations acquired assets through bank deposits ($10.6b) and other accounts receivables from rest of world ($8.8b).
Net borrowing of $7.5b by general government was due to incurring $4.0b in liabilities while disposing $3.6b in financial assets. National general government incurred $5.7b in liabilities, driven by $5.8b in net issuances of bonds, while disposing of $0.5b in financial assets.
Financial corporations were net borrowers ($0.1b), incurring $31.2b in liabilities while acquiring $31.1b in financial assets. Financial corporations incurred liabilities by accepting deposits ($30.9b) and increasing net equity in reserves ($29.7b). The increase in liabilities was partially offset by derivative settlements ($39.1b). Financial assets were acquired by increasing loans to households ($31.7b) and the rest of world ($7.1b) coupled with purchasing bonds issued by securitisers ($10.6b) and national general government ($6.2b). These asset acquisitions were partially offset by derivative settlements with the rest of world (-$30.0b).
Households remained net lenders ($5.3b) in June quarter 2016. Households acquired $44.7b in financial assets through increases insurance technical reserves ($33.7b) and bank deposits ($9.2b). Households incurred liabilities through loan borrowings ($30.3b).
CHANGES TO THIS ISSUE
There are no changes to this issue.
REVISIONS IN THIS ISSUE
There have been revisions to previously published aggregates due to:
CHANGES IN FUTURE ISSUES
There are no changes to future issues.
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>.
These documents will be presented in a new window.