5232.0 - Australian National Accounts: Finance and Wealth, Jun 2016 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 29/09/2016   
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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 2016
Jun Qtr 2016
Jun Qtr 2016
Jun Qtr 2016
$b
$b
$b
$b
Non-financial corporations
Investment funds
247.4
0.2
7.2
254.8
Other private
2 791.6
23.5
45.8
2 861.0
Public
130.7
6.3
-
137.0
General government
National
476.6
5.1
8.8
490.5
State and local
155.4
-3.3
0.1
152.1
Households
1 995.0
29.6
4.5
2 029.0
Total
5 796.7
61.4
66.4
5 924.5
- nil or rounded to zero (including null cells)


Graph 1. Total demand for credit
Graph Image for Graph 1. Total demand for credit.

Source(s): Table 2. Demand for Credit ($ million)



Demand for credit during June quarter 2016 was $61.4b. Demand for credit was driven by other private non-financial corporations who raised a net $23.5b and households who raised a net $29.6b. Public non-financial corporations ($6.3b) and national general government ($5.1b) also raised credit during the quarter.

Other private non-financial corporations raised credit primarily through issuance of shares and other equity ($21.0b) and loan borrowings ($7.9b), which was partially offset by maturities of bills of exchange ($2.8b) and bonds ($2.3b). Households raised credit primarily through the loans market with long term loans borrowed from banks ($20.5b) and securitisers ($9.7b). Public non-financial corporations raised credit through placements received from central borrowing authorities ($6.0b). National general government raised credit through bond issuances ($5.6b) which was partially offset by maturities of one name paper ($0.5b).


Graph 2. Credit market outstandings
Graph Image for Graph 2. Credit market outstandings.

Source(s): Table 1. Credit Market Outstandings ($ million)



Credit market outstandings of the domestic non-financial sectors at 30 June 2016 was $5,924.5b, an increase of $127.8b from the previous quarter. Demand for credit contributed $61.4b and valuation increases were $66.4b. This valuation increase was mainly driven by shares and other equity and bonds.

Other private non-financial corporations sector ($2,861.0b) has the largest credit market outstanding followed by the household sector and national general government, at $2,029.0b and $490.5b respectively.