SEPTEMBER KEY FIGURES

		Credit market outstandings at end	Demand for credit during	Other changes during	Credit market outstandings at end
		Jun Qtr 2009	Sep Qtr 2009	Sep Qtr 2009	Sep Qtr 2009
NON-FINANCIAL DOMESTIC SECTORS		$b	$b	$b	$b
Non-financial corporations
	Investment funds	110.6	2.2	20.1	132.9
	Other private	1 727.8	-0.4	86.8	1 814.2
	National public	1.3	-0.2	-	1.2
	State and local public	84.4	3.3	-	87.8
General government
	National	107.8	3.4	1.2	112.4
	State and local	56.0	10.5	-	66.5
Households		1 327.7	24.5	0.6	1 352.8
Total		3 415.7	43.3	108.7	3 567.8
- 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 2009 was $3,567.8b, an increase of $152.1b from the previous quarter. Demand for credit during the quarter was $43.3b and valuation increases were $108.7b.
• Demand for credit was down $25.3b from the previous quarter, driven by decreased demand by national general government (down $27.4b) and households (down $3.9b). This was offset by an increase in demand by state and local general government (up $9.5b).

NON-FINANCIAL CORPORATIONS

• Private non-financial investment funds raised a net $2.2b. Other private non-financial corporations repaid $24.1b of loans. This was offset by net equity raising of $20.8b.

GENERAL GOVERNMENT

• National general government issued bonds of $8.3b. State and local general government borrowed $10.5b.

HOUSEHOLDS

• Households raised a net $24.5b during the September quarter 2009, down $3.9b from the June quarter 2009 estimate of $28.4b.

NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER)	Release Date
December 2009	26 March 2010
March 2010	25 June 2010
June 2010	24 September 2010

CHANGES TO THIS ISSUE

There are a number of significant changes in this issue. This is the first release to move to the new international standards System of National Accounts 2008 (SNA08), Balance of Payments and International Investment Position Manual, sixth edition (BPM6) and Standard Economic Sector Classification of Australia, 2008 (SESCA08).

To inform users of these changes, a number of information papers have been released:

• For discussion of the new standards see Information Paper: Introduction of revised international standards in ABS economic statistics in 2009, 2007 (ABS cat. no. 5310.0.55.001)
• For indicative impacts of these changes and discussion of new methodologies see Information Paper: Implementation of new international statistical standards in ABS National and International Accounts, Sep 2009 (ABS cat. no. 5310.0.55.002)
• For the new table structures and identifiers see Information Paper: Product changes to Financial Accounts following revisions to international standards, 2009 (ABS cat. no. 5232.0.55.003)

This publication records loans on a fair value basis where possible. Loans at nominal values are included as supplementary tables. Household loans from National general government are presented on a fair value basis up to June 2007. Further analysis will be undertaken on this series and the December quarter issue will present the complete time series on a fair value basis.

The net international position presented in this issue is different for the period June 1988 to June 2005 to that published in the Balance of Payments and International Investment Position, Australia, Sep 2009 (cat no 5302.0). The differences are due to the new treatment of Special Drawing Rights revised back to September 1988 in cat no. 5302.0 and back to June 2005 in this publication. The December quarter issue of this publication will align with the international investment series.


SIGNIFICANT EVENTS

The Central bank, banks, securitiers, loans 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.


REVISIONS IN THIS ISSUE

There have been revisions to the complete time series due to the implementation of the new standards.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Robert Villani on Canberra (02) 6252 7218.


SUMMARY COMMENTARY