CREDIT MARKET SUMMARY

NON-FINANCIAL DOMESTIC SECTORS

		Credit market outstandings at end	Demand for credit during	Other changes during	Credit market outstandings at end
		Sep Qtr 2017	Dec Qtr 2017	Dec Qtr 2017	Dec Qtr 2017
		$b	$b	$b	$b
Non-financial corporations
	Investment funds	366.1	4.1	6.6	376.8
	Other private	3 230.0	28.1	102.7	3 360.8
	Public	118.8	4.0	-	122.8
General government
	National	550.1	13.3	2.7	566.1
	State and local	148.4	1.9	-0.1	150.2
Households		2 154.3	29.9	4.7	2 188.9
Total		6 567.7	81.2	116.7	6 765.6
- nil or rounded to zero (including null cells)

Demand for credit during December quarter 2017 was $81.2b. This was driven by households and other private non-financial corporations who raised credit during the December quarter.

Households raised credit primarily through the loans and placements market, driven by securitisers lending $23.4b and by banks lending $5.2b. Other private non-financial corporations raised $24.8b of credit primarily through issuance of shares and other equity.




Credit market outstandings of the domestic non-financial sectors as at 31 December 2017 was $6,765.6b, an increase of $197.9b from the previous quarter. Demand for credit contributed $81.2b with valuation increases of $116.7b. 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 $3,360.8b followed by the households sector at $2,188.9b and national general government at $566.1b.