SEPTEMBER KEY FIGURES

		Credit market outstandings at end	Demand for credit during	Other changes during	Credit market outstandings at end
		Jun Qtr 2011	Sep Qtr 2011	Sep Qtr 2011	Sep Qtr 2011
NON-FINANCIAL DOMESTIC SECTORS		$b	$b	$b	$b
Non-financial corporations
	Investment funds	147.0	-1.5	-6.9	138.6
	Other private	1 858.1	28.3	-121.5	1 764.9
	National public	1.3	-	-	1.3
	State and local public	98.9	3.9	-	102.8
General government
	National	204.5	17.1	8.6	230.2
	State and local	98.4	11.2	-	109.6
Households		1 528.5	13.8	0.6	1 542.9
Total		3 936.6	72.8	-119.1	3 890.3
- nil or rounded to zero (including null cells)

Total demand for credit

Credit market outstandings

SEPTEMBER KEY POINTS


SUMMARY

• Total credit market outstanding of the domestic non-financial sectors at 30 September 2011 was $3,890.3b, a decrease of $46.3b from the previous quarter. Demand for credit during the quarter was $72.8b and valuation decreases were $119.1b.
• Demand for credit was up $16.2b from the previous quarter, driven by increased demand by other private non-financial corporations (up $19.5b) and national general government (up $10.1b). This was offset by a decrease in demand by households (down $14.1b).

NON-FINANCIAL CORPORATIONS

• Private non-financial investment funds repaid $1.5b during the September quarter 2011 mostly through maturities of loans $1.9b. This was offset by share issuance of $0.7b. Other private non-financial corporations raised a net $28.3b, from issuance of loans and placements $17.6b and one name paper $8.3b. This was offset by bond maturity of $3.7b.

GENERAL GOVERNMENT

• National general government issued $19.2b of bonds and redeemed $1.9b of one name paper. State and local general government borrowed $11.0b in loans during the quarter.

HOUSEHOLDS

• Households raised a net $13.8b during the September quarter 2011, down $14.1b from the June quarter 2011 estimate of $27.9b

NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER)	Release Date
December 2011	29 March 2012
March 2012	28 June 2012
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 September quarter 2011, 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 state and local 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 ABS treatment of internally securitised paper for the ABS treatment of these securities.


REVISIONS IN THIS ISSUE

There have been revisions back to December 2007 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 Sachind Naidu on Canberra (02) 6252 6417, email <national.accounts@abs.gov.au>.


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>.