DECEMBER KEY FIGURES

		Credit market outstandings at end	Demand for credit during	Other changes during	Credit market outstandings at end
		Sep Qtr 2010	Dec Qtr 2010	Dec Qtr 2010	Dec Qtr 2010
NON-FINANCIAL DOMESTIC SECTORS		$b	$b	$b	$b
Non-financial corporations
	Investment funds	132.4	1.3	3.9	137.6
	Other private	1 831.3	17.1	51.8	1 900.3
	National public	3.0	-0.3	0.2	2.9
	State and local public	101.4	-1.7	-	99.7
General government
	National	171.0	14.0	-2.0	182.9
	State and local	81.9	-1.6	-	80.3
Households		1 449.3	22.6	2.3	1 474.2
Total		3 770.2	51.4	56.2	3 877.8
- nil or rounded to zero (including null cells)

Total demand for credit

Credit market outstandings

DECEMBER KEY POINTS


SUMMARY

• Total credit market outstanding of the domestic non-financial sectors at 31 December 2010 was $3,877.8b, an increase of $107.6b from the previous quarter. Demand for credit during the quarter was $51.4b and valuation increases were $56.2b.
• Demand for credit was down $4.1b from the previous quarter, driven by decreased demand by state and local general government (down $5.9b) state and local public non-financial corporations (down $4.9b) and private non-financial investment funds (down $1.8b). This was offset by an increase in demand by Households (up $8.2b).

NON-FINANCIAL CORPORATIONS

• Private non-financial investment funds raised a net $1.3b during the December quarter 2010. Other private non-financial corporations raised a net $17.1b, mostly funded from issuance of shares, $21.4b and loans and placements, $2.4b. This was offset by net redemptions of bills of exchange $4.4b and one name paper $2.3b.

GENERAL GOVERNMENT

• National general government issued bonds of $13.2b and state and local general government repaid $1.7b of loans during the quarter.

HOUSEHOLDS

• Households raised a net $22.6b during the December quarter 2010, up $8.2b from the September quarter 2010 estimate of $14.4b.

NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER)	Release Date
March 2011	23 June 2011
June 2011	30 September 2011
September 2011	15 December 2011
December 2011	29 March 2012

CHANGES TO THIS ISSUE

Following ongoing quality assurance work a number of data quality issues have been identified with table 37 - National capital accounts by sector and subsector. This table will be unavailable until further notice. However, capital accounts by sector will continue to be published as part of table 22 - flow of funds matrix.


SIGNIFICANT EVENTS

The Central bank, banks, securitisers and bond market tables include estimates for internally securitised paper. Please refer to page 6 of the December quarter 2008 release for the ABS treatment of these securities.

During the December quarter 2010 a Government enterprise was privatised and listed on the Australian Stock Exchange (ASX). Statistics published in this issue reflect these changes.

There are a number of series breaks between June quarter 2005 and September quarter 2005 as a result of revisions undertaken during the September 2009 release of the Financial Accounts. These series have yet to be backcasted to June quarter 1988, the beginning of the time-series. If you would like more details regarding these series, please contact us on our inquiries line.


REVISIONS IN THIS ISSUE

There have been revisions back to March 2009 to previously published aggregates due to quality assurance work undertaken with data providers to the ABS Survey of Financial Information, ABS Survey of International Investment and APRA administrative data sets.


IMPACT OF THE FLOODS

Flooding in Queensland began in late December 2010. Data collection and processing for the data in this publication were not disrupted. It is expected that the economic impact of floods/cyclones in Queensland and other states will be reflected in forthcoming issues of this publication.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Tom Lay on Canberra (02) 6252 5574, email <national.accounts@abs.gov.au>.