Financial Aggregates June 2010
Total credit provided to the private sector by financial intermediaries rose by 0.2 per cent over June 2010, following an increase of 0.5 per cent over May. Over the year to June, total credit rose by 2.8 per cent.
Housing credit increased by 0.4 per cent over June, following an increase of 0.6 per cent over May. Over the year to June, housing credit rose by 8.2 per cent. Housing credit rose over June due to growth in lending to both owner-occupiers and investors.
Other personal credit fell by 0.3 per cent over June, following a fall of 0.4 per cent over May. Over the year to June, other personal credit increased by 3.1 per cent.
Business credit was flat over June, following a rise of 0.4 per cent over May. Over the year to June, business credit declined by 5.0 per cent.
Over the month of June, M3 rose by 0.4 per cent and broad money increased by 0.6 per cent. Over the year to June, broad money grew by 2.9 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.