According to statistics released today by the Monetary Authority of Macao, broad money supply decreased in December. As total deposits increased at a slightly faster pace than total loans, the overall loan-to-deposit ratio of the banking sector dropped marginally from a month earlier. Money supply Currency in circulation and demand deposits grew 1.4% and 4.8% respectively. M1 thus increased 4.2% from one month earlier. Concurrently, quasi-monetary liabilities dropped 1.7%. The sum of these two items, i.e. M2, decreased 1.0% to MOP441.4 billion. On an annual basis, M1 and M2 rose 23.7% and 17.7% respectively. The share of Pataca (MOP) in M2 stood at 24.1%, up 0.3 percentage points from a month ago but down 0.1 percentage point from a year earlier. The share of Hong Kong Dollar (HKD) in M2 was 53.3%, up 0.5 percentage points month-to-month but down 2.5 percentage points year-on-year. Deposits Resident deposits dropped 1.0% from the preceding month to MOP432.4 billion. Of which, MOP deposits increased 0.2%, HKD deposits kept virtually unchanged whereas other foreign currency deposits dropped 4.5%. Non-resident deposits rose 0.5% to MOP174.1 billion. Public sector deposits with the banking sector also increased 8.4% to MOP73.6 billion. As a result, total deposits with the banking sector grew 0.3% from a month earlier to MOP680.1 billion. The shares of MOP and HKD in total deposits were 19.8% and 43.7% respectively. Loans Domestic loans to the private sector increased 1.0% from a month ago to MOP257.3 billion. Among which, MOP79.6 billion was MOP-denominated and MOP156.6 billion was denominated in HKD, representing 30.9% and 60.9% of the total respectively. Analysed by economic sector, "non-monetary financial institutions", "exhibition and conference" and "transport, warehouse and communications" increased at respective rates of 109.0%, 34.3% and 14.3% compared with a quarter ago, whereas "restaurants, hotels and similar", "manufacturing industries" and "electricity, gas and water" dropped 22.2%, 14.5% and 14.0% respectively. External loans decreased 0.5% to MOP277.5 billion; of which, loans denominated in MOP and HKD accounted for 1.7% (MOP4.7 billion) and 22.1% (MOP61.2 billion) respectively. Loan-to-deposit ratios The loan-to-deposit ratio for the resident sector at end-December rose 0.4 percentage points from the previous month to 50.8%. The ratio for both the resident and non-resident sectors dropped marginally by 0.1 percentage point to 78.6%. For enquiry, please contact:
Research and Statistics Department, Monetary Authority of Macao (Tel: 83952532; Fax: 28353042)
