MARCH KEY FIGURES

		Credit market outstandings at end	Demand for credit during	Other changes during	Credit market outstandings at end
		Dec Qtr 2012	Mar Qtr 2013	Mar Qtr 2013	Mar Qtr 2013
NON–FINANCIAL DOMESTIC SECTORS		$b	$b	$b	$b
Non–financial corporations
	Investment funds	173.9	–0.1	7.8	181.6
	Other private	2 189.8	15.0	20.6	2 225.4
	National public	1.7	–0.1	–	1.6
	State and local public	112.5	–1.2	–	111.3
General government
	National	297.7	6.1	–0.9	302.9
	State and local	127.3	1.7	–	128.9
Households		1 625.9	16.6	0.7	1 643.2
Total		4 528.9	37.9	28.1	4 594.9
– 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 2013 was $4,594.9b, an increase of $66.0b from the previous quarter. Demand for credit during the quarter was $37.9b and valuation increases were $28.1b.
• Demand for credit decreased by $12.0b from the previous quarter, driven by national general government (down $7.7b), private non–financial investment funds (down $3.6b), and state and local non–financial corporations (down $1.7b).

NON–FINANCIAL CORPORATIONS

• Other private non–financial corporations raised a net $15.0b, through loan borrowings of $9.1b, issuances of bonds of $3.8b, issuances of shares of $4.0b and issuances of one name paper of $1.1b. This was partially offset by maturities of bills of exchange of $3.0b.

GENERAL GOVERNMENT

• National general government raised a net $6.1b during the quarter driven by issuances of bonds of $10.6b. This was partially offset by maturities of one name paper of $4.5b. State and local general government raised $1.7b during the quarter.

HOUSEHOLDS

• Households raised a net $16.6b primarily through loans of $17.1b during the March quarter 2013, up $0.4b from the December quarter 2012 estimate of $16.2b.

NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER)	Release Date
June 2013	26 September 2013
September 2013	19 December 2013
December 2013	27 March 2014
March 2014	26 June 2014

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 2013, the investment activity of a national public non financial corporation unit has been confidentialised to maintain the anonymity of the unit. As a consequence of suppressing estimates directly impacted, it has been necessary to consequentially suppress other series in the affected tables to preserve confidentiality. Statistics published in this issue reflect these changes.

The Central bank, banks, securitisers, long term loans and placements market and bond market tables include estimates for internally securitised paper. Please refer to ABS treatment of internally securitised paper for the treatment of these securities.


REVISIONS IN THIS ISSUE

There have been revisions back to June 2002 to previously published aggregates. This is due to quality assurance work undertaken through reviews of compilation of the published estimates and through data providers to the ABS Survey of Financial Information, ABS Survey of International Investment and APRA administrative data sets.

Significant amount quality assurance work was undertaken back to June quarter 2002 on the capital accounts published within the flow of funds matrix (Table 22). As a result there are a number of series breaks in the capital account estimates between March quarter 2002 and June quarter 2002.


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>.