Financial Aggregates August 2015
| Monthly | Year-ended | ||||
|---|---|---|---|---|---|
| Jul 2015 | Aug 2015 | Aug 2014 | Aug 2015 | ||
| Total credit | 0.6 | 0.6 | 5.1 | 6.3 | |
| – Housing | 0.6 | 0.6 | 6.6 | 7.5 | |
| – Personal | 0.0 | 0.1 | 1.0 | 0.7 | |
| – Business | 0.6 | 0.5 | 3.2 | 5.3 | |
| M3 | 0.9 | 0.2 | 8.1 | 6.4 | |
| Broad money | 1.0 | 0.1 | 8.0 | 6.5 | |
|
Sources: ABS; APRA; RBA |
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All growth rates for the financial aggregates are seasonally adjusted, and adjusted for the effects of breaks in the series as recorded in the notes to the tables listed below. Data for 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.
Growth rates for owner-occupier and investor housing credit reported in RBA Statistical Table D1 have been adjusted to take into account the fact that the purpose of a large number of loans was reported to have changed in August, mainly from investment to owner-occupation. Similar adjustments are likely to be required in coming months. However, the stocks of owner-occupier and investor housing credit reported in RBA Statistical Table D2 have not been adjusted. The total stock of housing credit and its rate of growth are unaffected by this change.