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RESERVE BANK OF AUSTRALIA

Financial Aggregates

September 2012

Release date: 31 October 2012

Total credit provided to the private sector by financial intermediaries rose by 0.3 per cent over September 2012, after rising by 0.2 per cent over August. Over the year to September, total credit rose by 4.0 per cent.

Housing credit increased by 0.4 per cent over September, following an increase of 0.3 per cent over August. Over the year to September, housing credit rose by 4.7 per cent.

Other personal credit increased by 0.2 per cent over September, after decreasing by 0.3 per cent over August. Over the year to September, other personal credit decreased by 0.9 per cent.

Business credit increased by 0.3 per cent over September, after decreasing by 0.1 per cent over August. Over the year to September, business credit increased by 3.8 per cent.

Over the month of September, M3 grew by 0.6 per cent and broad money grew by 0.6 per cent. Over the year to September, broad money grew by 7.1 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.