Financial Aggregates June 2011
Total credit provided to the private sector by financial intermediaries decreased by 0.1 per cent over June 2011, after rising by 0.3 per cent over May. Over the year to June, total credit rose by 2.7 per cent.
Housing credit increased by 0.3 per cent over June, following an increase of 0.5 per cent over May. Over the year to June, housing credit rose by 6.0 per cent.
Other personal credit declined by 0.4 per cent over June, after decreasing by 0.1 per cent over May. Over the year to June, other personal credit increased by 0.3 per cent.
Business credit declined by 0.7 per cent over June, after being flat in May. Over the year to June, business credit declined by 2.4 per cent.
Over the month of June, M3 declined by 0.5 per cent and broad money decreased by 0.6 per cent. Over the year to June, broad money grew by 6.8 per cent.
All growth rates for the financial aggregates are seasonally adjusted, and adjusted for the effects of breaks in the series as recorded in the footnotes to tables. Figures showing the levels of financial aggregates are not adjusted for series breaks. Historical levels and growth rates for the financial aggregates have been revised owing to the resubmission of data by some financial intermediaries, the re-estimation of seasonal factors and the incorporation of securitisation data.