Financial Aggregates June 2014

Release date: 31 July 2014

Financial Aggregates
Percentage change
  Monthly   Year-ended
May 2014 June 2014   June 2013 June 2014
Total credit 0.4 0.7   3.0 5.1
– Housing 0.6 0.6   4.6 6.4
– Personal −0.2 0.6   0.3 0.7
– Business 0.2 1.0   0.9 3.5
M3 0.4 0.6   6.5 7.0
Broad money 0.5 0.6   5.5 7.0

Sources: APRA; RBA

Business credit extended during the month was boosted by the provision of bridging loan facilities associated with the re-structure of a domestic corporate entity.

All growth rates for the financial aggregates are seasonally adjusted, and adjusted for the effects of breaks in the series as recorded in the notes to the tables listed below. Data for 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. The RBA credit aggregates measure credit provided by financial institutions operating domestically. They do not capture cross-border or non-intermediated lending.