Macau | Money supply grew 0.8 pct m-on-m in September

Macau (MNA) – The money supply to Macau in September has increased 0.8 per cent month-on-month to MOP626.4 billion (US$77.7 billion), according to a release issued on Monday by the Monetary Authority of Macau (AMCM).

Currency in circulation grew 3.2 per cent month-on-month, while demand deposits had decreased 5.3 per cent.

On the other hand, quasi-monetary liabilities rose by 1.4 per cent.

In terms of the share of currencies, shares of pataca (MOP), Hong Kong dollar (HKD), renminbi (RMB) and United States dollar (USD) were 31 per cent, 51.7 per cent, 4.3 per cent and 11 per cent, respectively.

Resident deposits grew 0.7 per cent month-on-month to MOP610.5 million while non-resident deposits had risen by 3.3 per cent to MOP244.2 billion.

In the meantime, public sector deposits within the banking sector increased 2.1 per cent to MOP223.7 billion, resulting in the total deposits from the banking sector growing 1.6 per cent month-on-month to MOP1,078.4 billion.

In terms of deposits, shares of MOP, HKD, RMB and USD in total deposits were 19.7 per cent, 51.6 per cent, 3.9 per cent and 21.8 per cent, respectively.

By sector, deposits in exhibitions and conferences, and restaurants, hotels and similar industries increased by 10.2 per cent and 6 per cent quarter-to-quarter, respectively.

In the meantime, manufacturing and construction and public works had fallen by 20.3 per cent and 5.9 per cent quarter-to-quarter.

As of the end of September, the loan-to-deposit ratio for the residential sector rose from 58 per cent from the end of August to 58.9 per cent.

In addition, the ratio for both the resident and non-resident sectors dropped from 92.5 per cent to 91.3 per cent.