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 | September 2008 (revised) | October 2008 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| October 2007 | October 2008 | ||||||||||||||
| 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 | 50.1 | 2,663.7 | 2,613.6 | -40.7 | 2,792.6 | 2,833.3 | -4.2 | 238.7 | 242.9 | -4.8 | 239.2 | 244.0 | |||
| Goods | 66.3 | 1,500.3 | 1,434.0 | 4.0 | 1,588.1 | 1,584.1 | -2.9 | 138.1 | 141.0 | 2.3 | 143.1 | 140.8 | |||
| Services | 51.8 | 480.3 | 428.5 | 52.7 | 504.0 | 451.3 | 4.6 | 44.6 | 40.0 | 2.7 | 43.9 | 41.1 | |||
| Income | 14.4 | 593.0 | 578.7 | -9.6 | 611.6 | 621.2 | 2.1 | 50.6 | 48.5 | 1.2 | 47.5 | 46.3 | |||
| Current transfers | -82.4 | 90.0 | 172.4 | -87.8 | 89.0 | 176.8 | -7.9 | 5.4 | 13.3 | -11.1 | 4.7 | 15.7 | |||
| CAPITAL ACCOUNT | 14.1 | 26.7 | 12.5 | 15.1 | 28.5 | 13.4 | 0.5 | 1.4 | 0.9 | 0.0 | 0.9 | 0.9 | |||
| Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | ||||
| FINANCIALACCOUNT1) | 19.5 | 90.5 | -5.8 | 75.3 | |||||||||||
| DIRECTINVESTMENT2) | -127.6 | -451.7 | 324.1 | -217.5 | -337.6 | 120.1 | -18.5 | -35.2 | 16.7 | -14.1 | -18.0 | 3.9 | |||
| Equity capital and reinvested earnings | -106.3 | -345.4 | 238.5 | -174.0 | -243.6 | 69.8 | -11.7 | -21.7 | 10.0 | -9.5 | -13.5 | 3.9 | |||
| Other capital (mostly inter-company loans) | -19.6 | -106.3 | 85.6 | -43.5 | -93.9 | 50.3 | -6.8 | -13.5 | 6.7 | -4.5 | -4.5 | -0.0 | |||
| PORTFOLIO INVESTMENT | 250.8 | -502.8 | 753.6 | 222.3 | -49.3 | 271.6 | 44.5 | 86.9 | -42.4 | 121.7 | 131.0 | -9.3 | |||
| Equity | 89.8 | -94.4 | 184.2 | -59.7 | 82.1 | -141.8 | -62.9 | 26.4 | -89.3 | 5.3 | 48.7 | -43.4 | |||
| Debt instruments | 161.0 | -408.4 | 569.4 | 281.9 | -131.4 | 413.4 | 107.4 | 60.5 | 46.9 | 116.4 | 82.3 | 34.1 | |||
| Bonds and notes | 223.8 | -310.5 | 534.3 | 199.3 | -137.0 | 336.3 | 36.7 | 7.1 | 29.5 | 7.4 | 30.3 | -22.9 | |||
| Money market instruments | -62.7 | -97.8 | 35.1 | 82.6 | 5.6 | 77.0 | 70.8 | 53.4 | 17.4 | 109.0 | 52.0 | 57.0 | |||
| MEMO ITEM: COMBINED DIRECT AND PORTFOLIO INVESTMENT | 123.2 | -954.5 | 1,077.7 | 4.7 | -386.9 | 391.6 | 26.0 | 51.7 | -25.7 | 107.6 | 113.0 | -5.4 | |||
| FINANCIAL DERIVATIVES (NET) | -46.2 | -23.5 | 2.8 | 24.0 | |||||||||||
| OTHER INVESTMENT | -45.3 | -1,115.0 | 1,069.6 | 116.0 | -267.4 | 383.4 | -36.1 | -73.3 | 37.2 | -47.8 | -40.2 | -7.6 | |||
| Eurosystem | 48.1 | -20.6 | 68.7 | 337.4 | 8.1 | 329.3 | 105.6 | 0.1 | 105.5 | 138.0 | 6.4 | 131.6 | |||
| General government | 17.1 | 10.7 | 6.4 | 0.9 | 1.0 | -0.1 | 0.4 | -1.6 | 2.0 | 6.5 | -0.3 | 6.8 | |||
| of which: currency and deposits | 7.1 | 7.1 | 2.8 | 2.8 | -1.0 | -1.0 | 2.8 | 2.8 | |||||||
| MFIs (excluding the Eurosystem) | -22.6 | -730.9 | 708.3 | -168.3 | -178.9 | 10.6 | -120.3 | -73.4 | -46.9 | -205.9 | -25.1 | -180.8 | |||
| long-term | -105.5 | -221.2 | 115.8 | -220.1 | -214.4 | -5.7 | -28.1 | -30.7 | 2.6 | -39.0 | -32.5 | -6.5 | |||
| short-term | 82.9 | -509.7 | 592.5 | 51.7 | 35.4 | 16.3 | -92.2 | -42.7 | -49.5 | -167.0 | 7.4 | -174.3 | |||
| Other sectors | -87.9 | -374.2 | 286.3 | -53.9 | -97.6 | 43.7 | -21.7 | 1.7 | -23.4 | 13.6 | -21.2 | 34.9 | |||
| of which: currency and deposits | -52.5 | -52.5 | 44.9 | 44.9 | 3.3 | 3.3 | -14.9 | -14.9 | |||||||
| RESERVE ASSETS | -12.2 | -12.2 | -6.8 | -6.8 | 1.4 | 1.4 | -8.6 | -8.6 | |||||||
| Errors and omissions | -83.7 | -64.9 | 9.5 | -70.4 | |||||||||||