CREDIT MARKET SUMMARY

NON-FINANCIAL DOMESTIC SECTORS

		Credit market outstandings at end	Demand for credit during	Other changes during	Credit market outstandings at end
		Dec Qtr 2017	Mar Qtr 2018	Mar Qtr 2018	Mar Qtr 2018
		$b	$b	$b	$b
Non-financial corporations
	Investment funds	376.7	3.0	-5.1	374.6
	Other private	3 358.9	34.7	-33.6	3 360.0
	Public	122.8	-1.1	-	121.6
General government
	National	565.9	4.8	3.5	574.2
	State and local	150.2	1.4	-	151.6
Households		2 189.8	23.5	7.5	2 220.7
Total		6 764.3	66.3	-27.7	6 802.8
- nil or rounded to zero (including null cells)

Demand for credit during March quarter 2018 was $66.3b. This was driven by other private non-financial corporations and households who raised credit of $34.7b and $23.5b respectively during the March quarter.

Households raised credit primarily through the loans and placements market, driven by banks lending $24.7b. Other private non-financial corporations raised $19.2b of credit through the loans and placements market and $16.5b through issuance of shares and other equity.



Credit market outstandings of the domestic non-financial sectors as at 31 March 2018 was $6,802.8b, an increase of $38.5b from the previous quarter. Demand for credit contributed $66.3b with valuation decreases of $27.7b. The valuation decrease was mainly driven by shares and other equity issued by other private non-financial corporations.

Other private non-financial corporations sector had the largest credit market outstanding at $3,360.0b followed by the households sector at $2,220.7b and national general government at $574.2b.