Financial Aggregates November 2011

Release date: 30 December 2011

Total credit provided to the private sector by financial intermediaries rose by 0.3 per cent over November 2011, after rising by 0.2 per cent over October. Over the year to November, total credit rose by 3.5 per cent.

Housing credit rose by 0.5 per cent over November, following an increase of 0.4 per cent over October. Over the year to November, housing credit rose by 5.7 per cent.

Other personal credit rose by 0.1 per cent over November, after decreasing by 0.2 per cent over October. Over the year to November, other personal credit decreased by 1.1 per cent.

Business credit has been unchanged since the end of September. Over the year to November, business credit increased by 0.9 per cent.

Over the month of November, M3 was flat and broad money grew by 0.1 per cent. Over the year to November, broad money grew by 7.1 per cent.

There have been a number of amendments to the historical data due to reclassifications by a financial institution, largely around housing lending. Historical levels and growth rates for the financial aggregates have also been revised owing to the resubmission of data by other financial intermediaries, the re-estimation of seasonal factors and the incorporation of securitisation data. 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.