JUNE KEY FIGURES

		Credit market outstandings at end	Demand for credit during	Other changes during	Credit market outstandings at end
		Mar Qtr 2009	Jun Qtr 2009	Jun Qtr 2009	Jun Qtr 2009
Non-financial domestic sectors		$b	$b	$b	$b
Non-financial corporations
	Private	1 753.8	10.8	52.7	1 817.2
	National public	1.1	0.2	0.0	1.3
	State and local public	82.0	1.9	0.0	83.9
General government
	National	81.5	29.7	-3.7	107.5
	State and local	54.9	0.9	0.0	55.8
Households		1 301.1	34.0	-1.4	1 333.7
Total		3 274.3	77.6	47.5	3 399.4

Total demand for credit

Credit market outstandings

JUNE KEY POINTS


SUMMARY

• Total credit market outstandings of the domestic non-financial sectors at 30 June 2009 was $3,399.4b, an increase of $125.1b from the previous quarter. Demand for credit during the quarter was $77.6b and valuation increases were $47.5b.
• Demand for credit was up $34.1b from the previous quarter, driven by increased demand by households (up $18.7b), national general government (up $15.5b) and private non-financial corporations (up $2.4b). This was offset by a decrease in demand by state and local public non-financial corporations (down $2.7b).

NON-FINANCIAL CORPORATIONS

• Private non-financial corporations raised a net $10.8b, mostly through share issuance of $29.7b. This was offset by repayments of loans of $17.8b.

GENERAL GOVERNMENT

• National general government issued bonds of $16.6b and one name paper of $13.3b.

HOUSEHOLDS

• Households raised a net $34.0b during the June quarter 2009, up $18.7b from the March quarter 2009 estimate of $15.3b.

NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER)	Release Date
September 2009	24 December 2009
December 2009	26 March 2010
March 2010	25 June 2010
June 2010	24 September 2010

CHANGES TO THIS ISSUE

There are no significant changes to this issue.


SIGNIFICANT EVENTS

The global financial crisis has caused changes in the structure and behaviour of financial markets. Sudden shifts in structural relationships which have existed for some time mean that data supplied by businesses to the ABS and ABS editing and compilation practices may not reflect the impact of these changes fully and in a timely manner. The ABS is working with providers and reviewing and updating, where needed, a range of methods relating to the collection and compilation of financial sector output, income, transactions, positions and prices. This process is likely to lead to revisions in future releases.

The Central bank, banks, financial intermediaries n.e.c. 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.


REVISIONS IN THIS ISSUE

There have been revisions back to June 2007 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.


UPCOMING CHANGES

The September quarter 2009 issue will incorporate changes due to updated international standards, particularly the System of National Accounts (SNA08), the Balance of Payments and International Investment Position Manual (BPM6), and the Standard Economic Sector Classifications of Australia (SESCA08). More information on these changes will be published in Information paper: Product changes to Financial Accounts following revisions to international standards (cat. no. 5232.0.5.003) early in October 2009.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Robert Villani on Canberra (02) 6252 5338.