Table 2: Monthly balance of payments of the euro area
(EUR billions; transactions; non−working day and non−seasonally adjusted data)
Cumulated figures for the 12-month period ending | April 2012 (revised) | May 2012 | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
May 2011 | May 2012 | ||||||||||||||
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 | -19.1 | 2,809.4 | 2,828.6 | 30.6 | 3,022.3 | 2,991.7 | 1.3 | 242.8 | 241.5 | -2.5 | 265.3 | 267.8 | |||
Goods | 2.0 | 1,688.2 | 1,686.2 | 35.2 | 1,830.7 | 1,795.5 | 5.4 | 151.7 | 146.2 | 6.3 | 160.6 | 154.4 | |||
Services | 52.1 | 537.1 | 485.1 | 73.2 | 576.6 | 503.5 | 5.4 | 44.7 | 39.3 | 7.0 | 49.5 | 42.5 | |||
Income | 28.0 | 493.9 | 465.9 | 34.0 | 520.9 | 486.9 | -0.8 | 40.0 | 40.8 | -7.8 | 48.3 | 56.1 | |||
Current transfers | -101.3 | 90.2 | 191.4 | -111.8 | 94.0 | 205.9 | -8.7 | 6.3 | 15.1 | -8.0 | 6.9 | 14.9 | |||
CAPITAL ACCOUNT | 5.2 | 20.4 | 15.2 | 11.9 | 27.1 | 15.3 | 0.4 | 1.4 | 1.0 | 1.5 | 2.4 | 0.9 | |||
Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | ||||
FINANCIALACCOUNT1) | -7.6 | -32.4 | -1.8 | -4.2 | |||||||||||
DIRECTINVESTMENT2) | -105.3 | -309.9 | 204.7 | -74.8 | -272.6 | 197.8 | -9.6 | -21.6 | 12.1 | 10.6 | -6.2 | 16.8 | |||
Equity capital and reinvested earnings | -53.3 | -230.7 | 178.0 | -11.0 | -226.8 | 215.8 | -6.1 | -10.0 | 4.0 | 8.4 | -7.7 | 16.1 | |||
Other capital (mostly inter-company loans) | -52.3 | -79.2 | 26.6 | -63.7 | -45.7 | -18.0 | -3.5 | -11.6 | 8.1 | 2.2 | 1.5 | 0.7 | |||
PORTFOLIO INVESTMENT | 233.5 | -158.5 | 392.0 | 72.2 | -2.1 | 74.3 | 1.3 | 11.4 | -10.2 | 28.3 | -5.8 | 34.1 | |||
Equity | 174.2 | -54.6 | 228.8 | 124.0 | 67.6 | 56.4 | -15.8 | -5.8 | -10.1 | 3.2 | 6.1 | -2.9 | |||
Debt instruments | 59.3 | -103.9 | 163.2 | -51.8 | -69.7 | 17.9 | 17.1 | 17.2 | -0.1 | 25.1 | -11.9 | 37.0 | |||
Bonds and notes | 86.2 | -86.2 | 172.4 | 33.1 | -30.8 | 63.9 | 3.1 | 7.6 | -4.5 | 17.7 | -13.2 | 30.9 | |||
Money market instruments | -26.9 | -17.7 | -9.2 | -84.8 | -38.8 | -46.0 | 14.0 | 9.6 | 4.4 | 7.4 | 1.3 | 6.2 | |||
MEMO ITEM: COMBINED DIRECT AND PORTFOLIO INVESTMENT | 128.2 | -468.4 | 596.6 | -2.5 | -274.7 | 272.1 | -8.3 | -10.2 | 1.9 | 38.9 | -12.0 | 50.9 | |||
FINANCIAL DERIVATIVES (NET) | 24.1 | -32.4 | 2.2 | -6.4 | |||||||||||
OTHER INVESTMENT | -145.5 | -148.2 | 2.7 | 10.0 | -50.7 | 60.6 | 7.2 | 2.2 | 5.0 | -35.2 | -91.4 | 56.1 | |||
Eurosystem | 3.5 | -14.6 | 18.1 | 100.2 | 10.9 | 89.3 | 1.1 | 0.1 | 1.0 | 42.4 | 1.7 | 40.7 | |||
General government | 52.5 | -22.5 | 75.0 | 45.1 | -7.4 | 52.5 | 4.7 | -0.8 | 5.5 | -2.1 | -5.0 | 2.9 | |||
of which: currency and deposits | 1.9 | 1.9 | -13.2 | -13.2 | -0.7 | -0.7 | -3.8 | -3.8 | |||||||
MFIs (excluding the Eurosystem) | -176.5 | -23.7 | -152.8 | -108.1 | 73.9 | -181.9 | -2.2 | -5.2 | 2.9 | -48.5 | -49.8 | 1.3 | |||
Long-term | 60.0 | 32.5 | 27.5 | -22.4 | 7.6 | -30.0 | -18.0 | -6.6 | -11.5 | 9.9 | 4.7 | 5.1 | |||
Short-term | -236.6 | -56.3 | -180.3 | -85.7 | 66.3 | -151.9 | 15.8 | 1.4 | 14.4 | -58.3 | -54.6 | -3.8 | |||
Other sectors | -25.0 | -87.4 | 62.4 | -27.3 | -128.0 | 100.7 | 3.6 | 8.0 | -4.4 | -27.0 | -38.2 | 11.2 | |||
of which: currency and deposits | -51.1 | -51.1 | -46.8 | -46.8 | 3.4 | 3.4 | -15.9 | -15.9 | |||||||
RESERVE ASSETS | -14.4 | -14.4 | -7.5 | -7.5 | -2.9 | -2.9 | -1.5 | -1.5 | |||||||
Errors and omissions | 21.5 | -10.1 | 0.1 | 5.2 |