Financial Aggregates August 2003

Release date: 30 September 2003

Total credit provided to the private sector by financial intermediaries rose by 1.3 per cent over August 2003, following a rise of 1.7 per cent over July. Over the year to August, total credit rose by 13.7 per cent.

M3 increased by 2.0 per cent and broad money rose by 1.3 per cent over August. Over the year to August, M3 increased by 12.2 per cent and broad money rose by 10.8 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 from 2002 onwards owing to the resubmission of data by financial intermediaries.

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