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

Money supply

Currency in circulation and demand deposits decreased 0.3% and 11.5% respectively. M1 thus dropped 9.1% from one month earlier.  On the other hand, quasi-monetary liabilities grew 0.6%.  The sum of these two items, i.e. M2, fell 0.5% to MOP708.4 billion.  On an annual basis, M1 dropped 4.0% whereas M2 grew 7.0%. The shares of pataca (MOP), Hong Kong dollar (HKD), renminbi (RMB) and United States dollar (USD) in M2 were 32.7%, 46.2%, 4.7% and 14.2% respectively.

Deposits

Resident deposits went down by 0.5% from the preceding month to MOP690.1 billion whereas non-resident deposits rose 3.1% to MOP324.8 billion. On the other hand, public sector deposits with the banking sector decreased 0.7% to MOP259.1 billion.  As a result, total deposits in the banking sector increased 0.3% from a month earlier to MOP1,274.0 billion.  The shares of MOP, HKD, RMB and USD in total deposits were 18.6%, 46.3%, 4.4% and 27.7% respectively.

Loans

Domestic loans to the private sector dropped 0.1% from a month ago to MOP539.7 billion while external loans also fell 0.3% to MOP664.7 billion. As a result, total loans to the private sector went down by 0.2% from a month earlier to MOP1,204.5 billion.  The shares of MOP, HKD, RMB and USD in total loans were 16.4%, 42.2%, 10.6% and 28.4% respectively.

Operating ratios

At end-July, the loan-to-deposit ratio for the resident sector rose from 56.6% at end-June to 56.9%.   On the other hand, the ratio for both the resident and non-resident sectors fell from 95.0% to 94.5%.  The one-month and three-month current assets to liabilities ratios stood at 55.8% and 52.0% respectively.  Concurrently, the non-performing loan ratio increased from 0.35% at end-June to 0.36%.