|Unit||AUD Bil., SA|
For Australia, the financial aggregates include credit aggregates (kinds of lending) and monetary aggregates (components of money supply). Compiled by the Reserve Bank of Australia (RBA) from data primarily supplied by banks and non-banks, and also incorporate data supplied by the Australian Bureau of Statistics.
Prior to January 1989, figures for savings bank deposits are averages of end-month or near end-month figures for the current and previous months.
Up to and including June 2000, figures for banks are averages of weekly (Wednesday) figures and figures for NBFIs are averages of end-month figures for the current and previous months.
From July 2000 figures for both banks and NBFIs are end-month.
The data have breaks due to changes from time to time in the number of reporting institutions and other reporting changes.
Seasonal adjustment is by the RBA.
For the credit aggregates, we produce monthly break-adjusted seasonally-adjusted levels, by growing back the the final level using the monthly break-adjusted growth rates. This is the same method as the G.19 in the U.S.
Data is revised when new data becomes available.
From July 2019, the financial aggregates are compiled using an improved conceptual framework and a new data collection. This is referred to as the Economic and Financial Statistics Collection. Various movements from the June 2019 to July 2019 reporting periods are sizable, in part because the new data collection more consistently classifies loans according to their purpose. For more information, see Updates to Australia’s Financial Aggregates (available here <https://www.rba.gov.au/publications/bulletin/2019/mar/updates-to-australias-financial-aggregates.html>).