CREDIT MARKET SUMMARY

NON-FINANCIAL DOMESTIC SECTORS

		Credit market outstandings at end		Demand for credit during		Other changes during		Credit market outstandings at end
		Jun Qtr 2018		Sep Qtr 2018		Sep Qtr 2018		Sep Qtr 2018
		$b		$b		$b		$b
Non-financial corporations
	Investment funds	384.6		3.6		12.4		400.6
	Other private	3 475.0		69.0		22.3		3 566.3
	Public	124.3		0.5		-		124.8
General government
	National	581.2		3.4		0.6		585.3
	State and local	150.3		0.7		-		150.9
Households		2 241.5		10.7		3.5		2 255.7
Total		6 956.9		87.9		38.8		7 083.6
- nil or rounded to zero (including null cells)

Demand for credit during September quarter 2018 was $87.9b. This was driven by other private non-financial corporations and households, who raised credit of $69.0b and $10.7b respectively. Demand by other private non-financial corporations was mainly due to privatisations and merger and acquisition activity.

Other private non-financial corporations raised $43.3b through issuance of shares and other equity and $28.5b through loans and placements. Households raised credit primarily through the loans and placements market, driven by banks lending of $20.5b.



Credit market outstandings of the domestic non-financial sectors as at 30 September 2018 was $7,083.6b, an increase of $126.7b from the previous quarter. Demand for credit contributed $87.9b with valuation increases of $38.8b.

Other private non-financial corporations sector had the largest credit market outstanding at $3,566.3b, followed by the households sector at $2,255.7b and national general government at $585.3b.