JUNE KEY FIGURES

		Credit market outstandings at end	Demand for credit during	Other changes during	Credit market outstandings at end
		Mar Qtr 2010	Jun Qtr 2010	Jun Qtr 2010	Jun Qtr 2010
NON-FINANCIAL DOMESTIC SECTORS		$b	$b	$b	$b
Non-financial corporations
	Investment funds	121.1	1.7	-3.8	118.9
	Other private	1 840.1	3.1	-97.7	1 745.5
	National public	1.8	-0.7	-	1.2
	State and local public	93.3	4.7	-	98.1
General government
	National	140.0	16.2	2.5	158.6
	State and local	72.9	4.6	-	77.5
Households		1 400.8	28.2	1.5	1 430.6
Total		3 670.1	57.9	-97.5	3 630.4
- nil or rounded to zero (including null cells)

Total demand for credit

Credit market outstandings

JUNE KEY POINTS


SUMMARY

• Total credit market outstandings of the domestic non-financial sectors at 30 June 2010 was $3,630.4b, a decrease of $39.7b from the previous quarter. Demand for credit during the quarter was $57.9b and valuation decreases were $97.6b.
• Demand for credit was up $10.0b from the previous quarter, driven by increased demand by households (up $6.7b), private non-financial investment funds (up $3.0b) and state and local public non-financial corporations (up $2.3b). This was offset by a decrease in demand by other private non-financial corporations (down $1.9b).

NON-FINANCIAL CORPORATIONS

• Private non-financial investment funds raised a net $1.7b during the June quarter 2010 mostly funded from share issuance $1.3b. Other private non-financial corporations raised a net $3.1b, mostly funded from share issuance of $14.6b. This was offset by net repayment of loans of $9.2b and net redemptions in bills of exchange of $3.1b.

GENERAL GOVERNMENT

• National general government issued bonds of $16.0b.

HOUSEHOLDS

• Households raised a net $28.2b during the June quarter 2010, up $6.7b from the March quarter 2010 estimate of $21.5b.

NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER)	Release Date
September 2010	16 December 2010
December 2010	25 March 2011
March 2011	23 June 2011
June 2011	30 September 2011

CHANGES TO THIS ISSUE

Following ongoing quality assurance work a number of data quality issues have been identified with table 37 - National capital account by sector and subsector. This table will be unavailable until further notice. However, capital account 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.

There were no significant privatisations impacting the aggregates this quarter.

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 September 2006 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.


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>.


SUMMARY COMMENTARY