NON-FINANCIAL DOMESTIC SECTORS

		Credit market outstandings at end	Demand for credit during	Other changes during	Credit market outstandings at end
		Sep Qtr 2015	Dec Qtr 2015	Dec Qtr 2015	Dec Qtr 2015
		$b	$b	$b	$b
Non-financial corporations
	Investment funds	224.9	2.4	4.8	232.1
	Other private	2 726.8	22.1	22.2	2 771.1
	Public	129.1	-2.1	-	126.9
General government
	National	448.6	4.8	-5.9	447.5
	State and local	157.2	-3.8	0.0	153.4
Household		2 000.1	25.1	-0.9	2 024.3
Total		5 686.6	48.6	20.1	5 755.3
- nil or rounded to zero (including null cells)

Graph 1. Total demand for credit


Demand for credit during December quarter 2015 was $48.6b. Household raised a net $25.1b, other private non-financial corporations raised a net $22.1b and national general government raised a net $4.8b.

Household raised credit primarily through the loans market with long term loans borrowed from banks ($26.4b) which was partially offset by short term loan repayments to banks of $1.4b. Other private non-financial corporations raised credit primarily through loan borrowings ($8.9b), issuance of shares and other equity ($7.8b) and issuance of bonds ($7.8b). National general government raised credit through bond issuances ($8.4b) which was offset by maturities of Treasury notes (-$3.5b).


Graph 2. Credit market outstandings


Credit market outstandings of the domestic non-financial sectors at 31 December 2015 was $5,755.3b, an increase of $68.7b from the previous quarter. Demand for credit contributed $48.6b and valuation increases were $20.1b. This valuation increase follows two consecutive valuation decreases driven by the listed equity market.

Other private non-financial corporations sector ($2,771.1b) has the largest credit market outstanding followed by the household sector and national general government, at $2,024.3b and $447.5b respectively.