Statistics | Money supply rebounds in May

Macau’s money supply rebounded in May, according to statistics released yesterday by the Monetary Authority of Macau. Total loans increased whereas total deposits decreased, leading the loan-to-deposit ratio of the banking sector to rise from a month earlier.
Including savings deposits and mutual funds, currency in circulation increased 0.4 percent month-to-month to MOP465.3 billion, but dropped by 5.7 percent on an annual basis.
The share denominated in MOP amounted to 30.6 percent, down 0.1 percentage points month-to-month but up 3.8 percentage points annually. Meanwhile, the shares denominated in HKD (51.4 percent) and RMB (6.2 percent) increased by 0.2 and 0.1 percentage points month-to-month, respectively. The share denominated in USD (9.4 percent) decreased by 0.2 percentage points.
Shares of currency in circulation in HKD and USD each saw a slight year-on-year increase of 0.5 and 0.6 percentage points, respectively. Consequentially, shares of currency circulated in RMB dropped by 5.2 percentage points annually.
Resident deposits increased 0.4 percent from the preceding month to MOP452.6 billion, while non-resident deposits dropped 1.9 percent to MOP283.8 billion. Concurrently, public sector deposits with the banking sector increased by 1.4 percent to MOP152.9 billion.
Domestic loans to the private sector grew by 0.6 percent month-to-month to MOP397.9 billion in May, while external loans increased 0.2 percent to MOP367.8 billion.
At end-May, the month-to-month loan-to-deposit ratio for the resident sector remained stable at 65.7 percent. The ratio for both the resident and non-resident sectors combined rose 0.5 percentage points to 86.1 percent. The non-­performing loan ratio – an indicator for bank asset quality – was 0.1 percent, virtually unchanged from the previous month as well as the preceding year.