Table 2: Monthly balance of payments of the euro area
(EUR billions; transactions, non−seasonally adjusted data)
| Twelve-month cumulated figures ending | August 2005 (revised) | September 2005 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| September 2004 | September 2005 | ||||||||||||||
| Net | Credit | Debit | Net | Credit | Debit | Net | Credit | Debit | Net | Credit | Debit | ||||
| Source: ECB. | |||||||||||||||
| ( 1 ) Financial account: inflows (+); outflows (−). Reserve assets: increase (−); decrease (+). | |||||||||||||||
| ( 2 ) Direct investment: assets refer to direct investment abroad and liabilities to direct investment in the euro area. | |||||||||||||||
| CURRENTACCOUNT | 45.8 | 1,795.2 | 1,749.4 | 0.5 | 1,939.3 | 1,938.7 | -1.7 | 160.0 | 161.7 | -4.8 | 169.8 | 174.6 | |||
| Goods | 115.2 | 1,105.7 | 990.5 | 72.1 | 1,192.9 | 1,120.8 | 2.1 | 97.9 | 95.7 | 4.2 | 108.4 | 104.2 | |||
| Services | 27.6 | 354.2 | 326.7 | 26.9 | 373.1 | 346.2 | 1.8 | 33.2 | 31.4 | 2.3 | 33.1 | 30.8 | |||
| Income | -41.9 | 252.9 | 294.8 | -37.0 | 291.1 | 328.1 | 0.0 | 23.4 | 23.4 | -3.6 | 23.8 | 27.4 | |||
| Current transfers | -55.1 | 82.3 | 137.4 | -61.4 | 82.2 | 143.6 | -5.6 | 5.6 | 11.1 | -7.6 | 4.6 | 12.1 | |||
| CAPITAL ACCOUNT | 19.0 | 26.0 | 7.0 | 13.8 | 22.6 | 8.7 | 0.8 | 1.4 | 0.6 | 1.2 | 1.7 | 0.5 | |||
| Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | ||||
| FINANCIALACCOUNT1) | 2.8 | 89.8 | -5.3 | 22.8 | |||||||||||
| DIRECTINVESTMENT2) | -33.1 | -99.1 | 66.0 | -145.6 | -228.6 | 83.0 | -15.0 | -11.7 | -3.3 | 2.1 | -9.6 | 11.7 | |||
| Equity capital and reinvested earnings | -18.9 | -99.5 | 80.6 | -135.4 | -185.8 | 50.4 | -7.1 | -4.0 | -3.2 | -4.7 | -1.6 | -3.1 | |||
| Other capital (mostly inter-company loans) | -14.2 | 0.4 | -14.6 | -10.2 | -42.7 | 32.5 | -7.9 | -7.8 | -0.1 | 6.8 | -8.0 | 14.8 | |||
| PORTFOLIO INVESTMENT | 65.1 | -314.9 | 380.0 | 211.0 | -404.6 | 615.6 | -19.5 | -37.4 | 17.9 | 13.9 | -41.4 | 55.4 | |||
| Equity | -6.5 | -106.4 | 99.9 | 189.6 | -95.1 | 284.6 | 20.2 | -2.8 | 23.0 | 5.6 | -3.9 | 9.5 | |||
| Debt instruments | 71.7 | -208.5 | 280.1 | 21.4 | -309.6 | 331.0 | -39.7 | -34.6 | -5.1 | 8.3 | -37.5 | 45.8 | |||
| Bonds and notes | 101.4 | -151.8 | 253.3 | -5.6 | -272.1 | 266.6 | -32.4 | -21.7 | -10.7 | -2.5 | -34.9 | 32.4 | |||
| Money market instruments | -29.8 | -56.6 | 26.9 | 27.0 | -37.5 | 64.4 | -7.3 | -12.9 | 5.6 | 10.8 | -2.6 | 13.4 | |||
| MEMO ITEM: COMBINED DIRECT AND PORTFOLIO INVESTMENT | 32.1 | -413.9 | 446.0 | 65.4 | -633.2 | 698.6 | -34.5 | -49.1 | 14.7 | 16.0 | -51.1 | 67.1 | |||
| FINANCIAL DERIVATIVES (NET) | -4.4 | -15.8 | -6.3 | -2.1 | |||||||||||
| OTHER INVESTMENT | -48.6 | -322.7 | 274.1 | 27.9 | -484.6 | 512.5 | 35.6 | 28.3 | 7.3 | 9.2 | -69.7 | 78.9 | |||
| Eurosystem | 0.4 | -2.3 | 2.7 | 13.8 | 1.0 | 12.9 | 1.1 | 0.2 | 0.8 | 4.6 | 0.2 | 4.5 | |||
| General government | -7.4 | -2.2 | -5.2 | 5.6 | 7.6 | -2.0 | 6.7 | 6.3 | 0.5 | 2.0 | 2.2 | -0.2 | |||
| of which: currency and deposits | 3.2 | 3.2 | 8.6 | 8.6 | 1.0 | 1.0 | |||||||||
| MFIs (excluding the Eurosystem) | -17.1 | -256.3 | 239.2 | 45.5 | -373.0 | 418.5 | 24.8 | 24.1 | 0.7 | 11.2 | -64.8 | 76.0 | |||
| long-term | -24.4 | -33.9 | 9.4 | -29.8 | -76.5 | 46.7 | -2.4 | -6.4 | 4.1 | -12.7 | -20.4 | 7.6 | |||
| short-term | 7.3 | -222.4 | 229.8 | 75.4 | -296.5 | 371.9 | 27.2 | 30.6 | -3.4 | 24.0 | -44.4 | 68.4 | |||
| Other sectors | -24.5 | -61.9 | 37.4 | -37.1 | -120.2 | 83.1 | 3.0 | -2.3 | 5.3 | -8.7 | -7.3 | -1.5 | |||
| of which: currency and deposits | -7.4 | -7.4 | -1.9 | -1.9 | -4.6 | -4.6 | |||||||||
| RESERVE ASSETS | 23.7 | 23.7 | 12.3 | 12.3 | -0.1 | -0.1 | -0.3 | -0.3 | |||||||
| Errors and omissions | -67.5 | -104.2 | 6.2 | -19.2 | |||||||||||