Resident deposits decreased in December

2014-2-7

From：Macau Daily Times

Resident deposits dropped 1.0% from the previous month to MOP432.4 billion, according to statistics released yesterday by the Monetary Authority of Macau. MOP deposits increased 0.2% and HKD deposits remained virtually unchanged, while other foreign currency deposits dropped by 4.5%. Non-resident deposits rose 0.5% to MOP174.1 billion. Public sector deposits within the banking sector also increased 8.4% to MOP73.6 billion. As a result, total deposits in 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.
The Monetary Authority also stated that the amount of currency in circulation and the demand for deposits in December grew 1.4% and 4.8% respectively. M1 thus increased 4.2% from one month earlier. Domestic loans to the private sector increased 1.0% from the previous month to MOP257.3 billion. Among those loans, MOP79.6 billion was MOP-denominated and MOP156.6 billion was denominated in HKD, representing 30.9% and 60.9% of the total respectively. Analyzed by the 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 of a year ago, whereas “restaurants, hotels and similar”, “manufacturing industries” and “electricity, gas and water” dropped 22.2%, 14.5% and 14.0% respectively.

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