MARCH KEY FIGURES

		Credit market outstandings at end	Demand for credit during	Other changes during	Credit market outstandings at end
		Dec Qtr 2009	Mar Qtr 2010	Mar Qtr 2010	Mar Qtr 2010
NON-FINANCIAL DOMESTIC SECTORS		$b	$b	$b	$b
Non-financial corporations
	Investment funds	123.4	-0.8	-1.6	121.0
	Other private	1 841.9	1.0	-13.5	1 829.5
	National public	2.0	-0.2	-	1.8
	State and local public	90.9	2.4	-	93.3
General government
	National	125.4	14.8	-	140.2
	State and local	67.2	5.7	-	72.9
Households		1 380.9	22.0	0.7	1 403.6
Total		3 631.8	44.9	-14.4	3 662.3
- nil or rounded to zero (including null cells)

Total demand for credit

Credit market outstandings

MARCH KEY POINTS


SUMMARY

• Total credit market outstandings of the domestic non-financial sectors at 31 March 2010 was $3,662.3b, an increase of $30.5b from the previous quarter. Demand for credit during the quarter was $44.9b and valuation decreases were $14.4b.
• Demand for credit was down $15.6b from the previous quarter, driven by decreased demand by other private non-financial corporations (down $13.2b) and households (down $6.0b). This was offset by an increase in demand by state and local general government (up $5.9b) and national general government (up $0.6b).

NON-FINANCIAL CORPORATIONS

• Private non-financial investment funds repaid a net $0.8b. Other private non-financial corporations raised a net $1.0b, mostly funded from share issuance of $9.3b. This was offset by repayment of loans of $10.8b.

GENERAL GOVERNMENT

• National general government issued bonds of $15.0b.

HOUSEHOLDS

• Households raised a net $22.0b during the March quarter 2010, down $6.0b from the December quarter 2009 estimate of $28.0b.

NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER)	Release Date
June 2010	24 September 2010
September 2010	16 December 2010
December 2010	25 March 2011

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.

There were no significant privatisations impacting the aggregates this quarter.


REVISIONS IN THIS ISSUE

There have been revisions back to June 2008 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>.