MARCH KEY FIGURES

		Credit market outstandings at end	Demand for credit during	Other changes during	Credit market outstandings at end
		Dec Qtr 2011	Mar Qtr 2012	Mar Qtr 2012	Mar Qtr 2012
NON-FINANCIAL DOMESTIC SECTORS		$b	$b	$b	$b
Non-financial corporations
	Investment funds	146.4	-	5.5	152.0
	Other private	1 777.0	23.6	48.9	1 849.6
	National public	1.3	0.5	-0.1	1.7
	State and local public	104.9	1.4	-	106.3
General government
	National	249.4	4.2	-2.6	250.9
	State and local	113.3	-	-	113.3
Households		1 560.2	13.2	0.6	1 574.0
Total		3 952.5	42.9	52.4	4 047.7
- nil or rounded to zero (including null cells)

Total demand for credit

Credit market outstandings

MARCH KEY POINTS


SUMMARY

• Total credit market outstanding of the domestic non-financial sectors at 31 March 2012 was $4,047.7b, an increase of $95.2b from the previous quarter. Demand for credit during the quarter was $42.9b and valuation increases were $52.3b.
• Demand for credit was down $23.8b from the previous quarter, driven by decreased demand by national general government (down $11.2b), households (down $4.2b) and state and local general government (down $3.7).

NON-FINANCIAL CORPORATIONS

• Private non-financial investment funds issued $1.5b of bonds and $0.6b of equity, which was offset by maturities of loans of $2.0b. Other private non-financial corporations raised a net $23.6b, from issuance of loans of $10.9, shares of $7.9b, bonds of $3.5b and one name paper of $1.8b. This was partially offset by bills of exchange redemptions of $0.5b.

GENERAL GOVERNMENT

• National general government issued $3.1b of one name paper and $1.1b of bonds. State and local general government issued $0.3b of bonds during the quarter.

HOUSEHOLDS

• Households raised a net $13.2b during the March quarter 2012, down $4.2b from the December quarter 2011 estimate of $17.4b.

NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER)	Release Date
June 2012	27 September 2012
September 2012	20 December 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

During the March quarter 2012, the investment activity of some units have been confidentialised to maintain the anonymity of those units that have not yet given approval to publish their investment activity and in the case where they may be identifiable. Included are national public non-financial corporations, life insurance institutions, money market investment funds and listed other financial institutions. As a consequence of suppressing estimates directly impacted, it has been necessary to consequentially suppress other series in the affected table to preserve confidentiality. Statistics published in this issue reflect these changes.

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


REVISIONS IN THIS ISSUE

There have been revisions back to June 2010 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. The time series associated with this issue of the publication will also have revisions to aggregates from March quarter 2002 through to the June quarter 2005 due to the inclusion of revisions previously omitted from published historical revision estimates.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Sachind Naidu on Canberra (02) 6252 6417, email <national.accounts@abs.gov.au>.