Financial Aggregates June 2003

Total credit provided to the private sector by financial intermediaries rose by 1.3 per cent over June 2003, following a rise of 0.8 per cent over May. Over the year to June, total credit rose by 12.7 per cent.

M3 increased by 0.6 per cent and broad money rose by 0.2 per cent over June. Over the year to June, M3 increased by 13.0 per cent and broad money rose by 11.9 per cent.

All growth rates for the financial aggregates are seasonally adjusted, and adjusted for the effects of the breaks in series 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 from 1996 onwards owing to the resubmission of data by financial intermediaries and the revision of cash management trust data by the ABS.

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