CREDIT MARKET SUMMARY

NON-FINANCIAL DOMESTIC SECTORS

		Credit market outstandings at end		Demand for credit during		Other changes during		Credit market outstandings at end
		Mar Qtr 2018		Jun Qtr 2018		Jun Qtr 2018		Jun Qtr 2018
		$b		$b		$b		$b
Non-financial corporations
	Investment funds	370.6		2.6		10.9		384.1
	Other private	3 364.9		11.0		104.8		3 480.8
	Public	121.6		2.6		-		124.3
General government
	National	574.4		10.1		-3.3		581.3
	State and local	151.5		-1.3		-		150.3
Households		2 215.2		25.4		0.7		2 241.3
Total		6 798.3		50.5		113.1		6 962.0
- nil or rounded to zero (including null cells)

Demand for credit during June quarter 2018 was $50.8b. This was driven by households, other private non-financial corporations and national general government, who raised credit of $25.4b, $11.3b and $10.1b respectively during the June quarter.


Households raised credit primarily through the loans and placements market, driven by banks lending of $21.6b. Other private non-financial corporations raised $16.9b through issuance of shares and other equity. National general government raised $11.2b through bond issuance.



Credit market outstandings of the domestic non-financial sectors as at 30 June 2018 was $6,962.0b, an increase of $163.7b from the previous quarter. Demand for credit contributed $50.5b with valuation increases of $113.1b. The valuation increase 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 $3,480.8b followed by the households sector at $2,241.3b and national general government at $581.3b.