Financial Aggregates September 2013

Total credit provided to the private sector by financial intermediaries grew by 0.3 per cent over September 2013 after increasing by 0.3 per cent over August. Over the year to September, total credit rose by 3.3 per cent.

Housing credit increased by 0.4 per cent over September following an increase of 0.4 per cent over August. Over the year to September, housing credit rose by 4.8 per cent.

Other personal credit increased by 0.3 per cent over September after increasing by 0.2 per cent over August. Over the year to September, other personal credit increased by 1.0 per cent.

Business credit declined by 0.1 per cent over September after increasing by 0.1 per cent over August. Over the year to September, business credit rose by 1.1 per cent.

Over the month of September, M3 increased by 0.6 per cent and broad money increased by 0.6 per cent. Over the year to September, broad money grew by 5.2 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. The RBA credit aggregates measure credit provided by financial institutions operating domestically. They do not capture cross-border or non-intermediated lending.