Financial Aggregates June 2012

Total credit provided to the private sector by financial intermediaries rose by 0.3 per cent over June 2012, after rising by 0.5 per cent over May. Over the year to June, total credit rose by 4.4 per cent.

Housing credit increased by 0.3 per cent over June, following an increase of 0.3 per cent over May. Over the year to June, housing credit rose by 5.1 per cent.

Other personal credit decreased by 0.2 per cent over June, after increasing by 0.1 per cent over May. Over the year to June, other personal credit decreased by 1.5 per cent.

Business credit increased by 0.5 per cent over June, after growing by 0.8 per cent over May. Over the year to June, business credit increased by 4.4 per cent.

Over the month of June, M3 grew by 0.6 per cent and broad money grew by 0.6 per cent. Over the year to June, broad money grew by 8.6 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.