N.Z. MONEY SUPPLY RISES 2.4 PCT IN JANUARY
New Zealand's broadly defined,
seasonally adjusted M-3 money supply grew an estimated 2.4 pct
in January against a 3.4 pct (revised from 3.6) rise in
December and a 0.7 pct rise in January 1986.
    It said unadjusted M-3 increased to an estimated 30.13
billion N.Z. Dlrs from 30.08 (revised from 30.06) billion in
December and 25.18 billion in January 1986.
    Year-on-year M-3 rose 19.66 pct in January from 17.80 pct
(revised from 17.77) in December and 20.10 pct in January 1986.
    Narrowly defined year-on-year M-1 growth was 21.94 pct in
January against 15.89 pct in December and 14.10 pct a year
earlier.
    M-1 grew to an estimated 4.72 billion dlrs against 5.03
billion in December and 3.87 billion in January 1986.
    Year-on-year private sector credit, PSC, grew 31.07 pct in
January against 30.64 pct (revised from 30.68) in December and
21.40 pct in January 1986. PSC grew to 22.69 billion dlrs from
22.24 billion in December and 17.31 billion in January 1986.
 REUTER
