Table 2: Monthly balance of payments of the euro area
(EUR billions; transactions, non−seasonally adjusted data)
| Cumulated figures for the 12-month period ending | February 2007 (revised) | March 2007 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| March 2006 | March 2007 | ||||||||||||||
| 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 | -25.6 | 2,140.9 | 2,166.5 | 7.0 | 2,400.3 | 2,393.2 | -5.7 | 196.2 | 201.9 | 8.8 | 218.4 | 209.6 | |||
| Goods | 28.5 | 1,274.2 | 1,245.7 | 42.0 | 1,421.0 | 1,379.1 | 2.5 | 116.7 | 114.2 | 8.5 | 131.2 | 122.7 | |||
| Services | 35.6 | 412.5 | 376.9 | 37.8 | 435.4 | 397.6 | 2.9 | 33.0 | 30.1 | 2.7 | 36.8 | 34.1 | |||
| Income | -16.2 | 372.2 | 388.4 | -0.3 | 455.0 | 455.3 | 0.4 | 34.1 | 33.7 | 2.9 | 43.8 | 40.9 | |||
| Current transfers | -73.5 | 82.0 | 155.5 | -72.4 | 88.9 | 161.3 | -11.5 | 12.4 | 23.9 | -5.3 | 6.6 | 11.9 | |||
| CAPITAL ACCOUNT | 13.1 | 25.1 | 12.0 | 14.9 | 25.3 | 10.4 | 1.4 | 1.9 | 0.5 | 1.6 | 2.1 | 0.6 | |||
| Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | ||||
| FINANCIALACCOUNT1) | 89.7 | 56.2 | -9.2 | -37.9 | |||||||||||
| DIRECTINVESTMENT2) | -214.3 | -306.3 | 92.0 | -154.1 | -333.9 | 179.8 | -12.4 | -29.6 | 17.2 | -8.1 | -21.5 | 13.4 | |||
| Equity capital and reinvested earnings | -193.3 | -255.9 | 62.8 | -150.3 | -270.0 | 119.8 | -3.0 | -10.8 | 7.7 | -19.8 | -18.8 | -1.0 | |||
| Other capital (mostly inter-company loans) | -21.0 | -50.4 | 29.2 | -3.8 | -63.8 | 60.0 | -9.4 | -18.8 | 9.4 | 11.7 | -2.7 | 14.3 | |||
| PORTFOLIO INVESTMENT | 168.1 | -482.4 | 650.5 | 383.3 | -418.7 | 802.0 | 26.2 | -54.4 | 80.7 | 71.7 | -18.5 | 90.2 | |||
| Equity | 162.6 | -181.2 | 343.8 | 231.7 | -48.0 | 279.6 | 18.2 | -22.2 | 40.4 | 41.7 | 16.0 | 25.7 | |||
| Debt instruments | 5.5 | -301.2 | 306.7 | 151.7 | -370.7 | 522.4 | 8.0 | -32.2 | 40.2 | 30.1 | -34.5 | 64.6 | |||
| Bonds and notes | 7.2 | -279.5 | 286.8 | 223.4 | -288.7 | 512.1 | 6.1 | -29.5 | 35.6 | 43.6 | -19.7 | 63.3 | |||
| Money market instruments | -1.7 | -21.6 | 19.9 | -71.7 | -82.0 | 10.3 | 1.9 | -2.7 | 4.6 | -13.5 | -14.8 | 1.3 | |||
| MEMO ITEM: COMBINED DIRECT AND PORTFOLIO INVESTMENT | -46.2 | -788.7 | 742.5 | 229.3 | -752.6 | 981.8 | 13.8 | -84.0 | 97.8 | 63.6 | -40.0 | 103.6 | |||
| FINANCIAL DERIVATIVES (NET) | -12.9 | -9.6 | -7.8 | -1.8 | |||||||||||
| OTHER INVESTMENT | 129.1 | -610.0 | 739.1 | -154.7 | -920.2 | 765.6 | -14.7 | -126.2 | 111.6 | -101.8 | -120.3 | 18.5 | |||
| Eurosystem | 6.7 | -4.8 | 11.4 | 15.9 | -5.1 | 21.0 | -3.1 | -3.5 | 0.4 | 2.9 | -0.4 | 3.2 | |||
| General government | 0.5 | 5.5 | -4.9 | 4.2 | -0.3 | 4.5 | 4.7 | 0.1 | 4.6 | 4.6 | 2.8 | 1.8 | |||
| of which: currency and deposits | -1.3 | -1.3 | -1.3 | -1.3 | 1.6 | 1.6 | 2.6 | 2.6 | |||||||
| MFIs (excluding the Eurosystem) | 107.1 | -404.5 | 511.6 | -150.4 | -666.6 | 516.1 | -11.6 | -89.8 | 78.2 | -71.6 | -98.6 | 27.0 | |||
| long-term | -34.0 | -88.6 | 54.6 | -89.2 | -181.4 | 92.2 | 3.2 | -4.7 | 7.8 | -23.7 | -29.2 | 5.5 | |||
| short-term | 141.1 | -315.9 | 457.0 | -61.3 | -485.2 | 423.9 | -14.8 | -85.1 | 70.3 | -47.9 | -69.5 | 21.5 | |||
| Other sectors | 14.8 | -206.2 | 221.0 | -24.4 | -248.3 | 223.9 | -4.7 | -33.1 | 28.4 | -37.7 | -24.1 | -13.5 | |||
| of which: currency and deposits | 8.6 | 8.6 | -0.8 | -0.8 | -10.3 | -10.3 | 4.0 | 4.0 | |||||||
| RESERVE ASSETS | 19.7 | 19.7 | -8.9 | -8.9 | -0.6 | -0.6 | 2.1 | 2.1 | |||||||
| Errors and omissions | -77.1 | -78.1 | 13.6 | 27.6 | |||||||||||