SEPTEMBER KEY FIGURES

		Credit market outstandings at end	Demand for credit during	Other changes during	Credit market outstandings at end
		Jun Qtr 2010	Sep Qtr 2010	Sep Qtr 2010	Sep Qtr 2010
NON-FINANCIAL DOMESTIC SECTORS		$b	$b	$b	$b
Non-financial corporations
	Investment funds	120.3	4.0	1.0	125.2
	Other private	1 757.2	24.8	51.7	1 833.7
	National public	1.2	-	-	1.2
	State and local public	98.7	2.7	-	101.4
General government
	National	158.7	13.8	-1.9	170.7
	State and local	77.1	4.8	-	81.9
Households		1 433.3	16.8	0.8	1 450.9
Total		3 646.4	67.1	51.6	3 765.1
- nil or rounded to zero (including null cells)

Total demand for credit

Credit market outstandings

SEPTEMBER KEY POINTS


SUMMARY

• Total credit market outstandings of the domestic non-financial sectors at 30 September 2010 was $3,765.1b, an increase of $118.7b from the previous quarter. Demand for credit during the quarter was $67.1b and valuation increases were $51.6b.
• Demand for credit was up $6.5b from the previous quarter, driven by increased demand by other private non-financial corporations (up $21.0b). This was offset by a decrease in demand by Households (down $11.2b), state and local non-financial corporations (down $2.6b) and national general government (down $2.4b).

NON-FINANCIAL CORPORATIONS

• Private non-financial investment funds raised a net $4.0b during the September quarter 2010 mostly funded from share issuance $2.5b and loans and placements $1.4b. Other private non-financial corporations raised a net $24.8b, mostly funded from issuance of shares, $20.6b, and bonds, $7.9b. This was offset by net repayment of loans of $3.1b.

GENERAL GOVERNMENT

• National general government issued bonds of $8.0b and state and local general government had loans and placements of $4.8b during the quarter.

HOUSEHOLDS

• Households raised a net $16.8b during the September quarter 2010, down $11.2b from the June quarter 2010 estimate of $28.0b.

NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER)	Release Date
December 2010	25 March 2011
March 2011	23 June 2011
June 2011	30 September 2011
September 2011	15 December 2011

CHANGES TO THIS ISSUE

A technical note titled 'Flow of funds matrix' appears on page 6.

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.

There are a number of series breaks between June quarter 2005 and September quarter 2005 as a result of revisions undertaken during the September 2009 release of the Financial Accounts. These series have yet to be backcasted to June quarter 1988, the beginning of the time-series. If you would like more details regarding these series, please contact us on our inquiries line.


REVISIONS IN THIS ISSUE

There have been revisions back to December 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>.


SUMMARY COMMENTARY