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MARCH KEY FIGURES

		Credit market outstandings at end	Demand for credit during	Other changes during	Credit market outstandings at end
		Dec Qtr 2013	Mar Qtr 2014	Mar Qtr 2014	Mar Qtr 2014
NON-FINANCIAL DOMESTIC SECTORS		$b	$b	$b	$b
Non-financial corporations
	Investment funds	188.0	3.3	4.9	196.2
	Other private	2 346.2	5.9	-13.9	2 338.3
	National public	2.4	-0.4	0.1	2.0
	State and local public	113.0	-1.4	-	111.5
General government
	National	325.4	15.9	0.9	342.1
	State and local	140.7	1.9	-	142.6
Households		1 774.0	21.1	3.5	1 798.6
Total		4 889.7	46.2	-4.6	4 931.3
- nil or rounded to zero (including null cells)

Total demand for credit

Credit market outstandings

• Total credit market outstanding of the domestic non-financial sectors at 31 March 2014 was $4,931.3b, an increase of $41.6b from the previous quarter. Demand for credit during the quarter was $46.2b and valuation decreases were $4.6b.
• Demand for credit decreased by $40.3b from the previous quarters level, driven by other private non-financial corporations (down $25.8b), households (down $4.5b), and national general government (down $3.2b).

• Other private non-financial corporations raised a net $5.9b; through loan borrowings of $8.9b and equity issuance of $5.4b. This was partially offset by maturities of bonds of $4.6b and bills of exchange of $3.2b.

• National general government raised a net $15.9b during the quarter driven by issuances of bonds of $25.1b. This was partially offset by maturities of one name paper of $9.2b. State and local general government raised $1.9b during the quarter through loan borrowings of $1.9b.

• Households raised a net $21.1b down $4.5b from the previous quarter estimate of $25.6b, primarily through loans of $21.9b during the March quarter 2014.

• There are no significant changes to this issue.

• In September quarter 2013 issue of this publication the ABS announced that there would be revisions to previously published aggregates back to June quarter 1988 as part of the quality assurance work undertaken through reviews of compilation methods and through data provided to the ABS. These changes will be published in the June quarter 2014 issue of this publication.
• During the March quarter 2014, the deposit activity of a unit has been confidentialised to maintain the anonymity of the unit. As a consequence of suppressing estimates directly impacted, other series have been consequentially suppressed in affected tables to preserve confidentiality.

• from September quarter 2012 onwards, revisions are due to quality assurance reviews of the compilation of published estimates and through data providers to the ABS Survey of Financial Information, ABS Survey of International Investment and APRA administrative data sets.
• from June 1988 onwards, there are small revisions to the sectorial capital accounts due to updated sources and methodology.

• The September quarter issue of this publication will introduce an expanded set of sector accounts. An information paper will be released with the June quarter describing the upcoming changes.

• For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Grace Kim on Canberra (02) 6252 6070, email <national.accounts@abs.gov.au>. The ABS Privacy Policy outlines how the ABS will handle any personal information that you provide to us.