According to statistics released today by the Monetary Authority of Macao, broad money supply rebounded in December with a stable share of patacas.  Meanwhile, both resident deposits and loans increased from a month earlier.

Money supply

Currency in circulation and demand deposits rose 0.6% and 8.7% respectively. M1 thus increased 7.1% from one month earlier.  Meanwhile, quasi-monetary liabilities grew 1.5%.  The sum of these two items, i.e. M2, rebounded 2.2% to MOP687.5 billion.  On an annual basis, M1 and M2 increased 9.2% and 5.5% respectively.  The shares of pataca (MOP), Hong Kong dollar (HKD), renminbi (RMB) and United States dollar (USD) in M2 were 30.6%, 48.2%, 4.5% and 15.0% respectively.

Deposits

Resident deposits grew by 2.2% from the preceding month to MOP670.7 billion while non-resident deposits also rose 1.0% to MOP243.8 billion. Meanwhile, public sector deposits with the banking sector increased 2.2% to MOP249.1 billion.  As a result, total deposits in the banking sector grew 2.0% from a month earlier to MOP1,163.6 billion.  The shares of MOP, HKD, RMB and USD in total deposits were 18.9%, 48.0%, 3.9% and 25.9% respectively.

Loans

Domestic loans to the private sector rose 0.3% from a month ago to MOP518.1 billion. Analysed by economic sector, “transport, warehouse and communications” and “restaurants, hotels and similar” increased at respective rates of 8.2% and 3.1% compared with a quarter ago, whereas “manufacturing industries” and “wholesale and retail trade” dropped 9.6% and 6.5% respectively. Meanwhile, external loans grew 1.4% to MOP554.8 billion. As a result, total loans to the private sector increased by 0.9% from a month earlier to MOP1,072.9 billion.  The shares of MOP, HKD, RMB and USD in total loans were 17.5%, 48.5%, 6.6% and 24.5% respectively.

Operating ratios

At end-December, the loan-to-deposit ratio for the resident sector dropped from 57.4% at end-November to 56.3%.  Meanwhile, the ratio for both the resident and non-resident sectors fell from 93.2% to 92.2%.  The one-month and three-month current assets to liabilities ratios stood at 46.2% and 47.7% respectively.  Concurrently, the non-performing loan ratio stabilised at 0.3%.