Summary

• Total credit market outstanding of the domestic non–financial sectors at 30 June 2014 was $5,071.2b, an increase of $100.9b from the previous quarter. Demand for credit during the quarter was $83.2b and valuation increases were $17.7b.
• Demand for credit increased by $34.5b from the previous quarters level, driven by other private non–financial corporations (up $24.8b), households (up $15.3b), and state and local public non–financial corporations (up $5.1b).

Non-financial corporations

• Other private non–financial corporations raised a net $30.9b; through loan borrowings of $22.5b and equity issuance of $16.6b. This was partially offset by maturities of bonds of $4.3b and bills of exchange of $2.9b.

General Government

• National general government raised a net $6.2b during the quarter driven by issuances of one name paper of $5.0b. This was partially offset by maturities of loans and placements of $0.1b. State and local general government raised $3.6b during the quarter through loan borrowings of $3.4b.

Households

• Households raised a net $36.0b up $15.3b from the previous quarter estimate of $20.7b, primarily through loan borrowings of $36.9b during the June quarter 2014.