Menu

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
June 2007
(revised)
July 2007
July 2006 July 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.
CURRENT
ACCOUNT
-32.1 2,232.5 2,264.6 8.4 2,487.2 2,478.8 12.6 226.2 213.6 3.3 220.6 217.4
Goods 15.0 1,320.9 1,305.9 56.2 1,462.4 1,406.3 11.0 129.3 118.3 7.9 129.7 121.9
Services 37.5 423.3 385.8 37.7 445.5 407.7 7.0 41.0 34.0 4.1 42.9 38.8
Income -8.7 407.3 416.0 -9.3 491.0 500.4 -0.6 50.3 51.0 -1.2 42.6 43.8
Current transfers -75.9 81.1 157.0 -76.2 88.3 164.5 -4.7 5.6 10.3 -7.5 5.4 12.8
CAPITAL
ACCOUNT
10.7 24.1 13.5 14.9 25.8 10.9 0.2 0.9 0.7 0.9 1.8 0.9
Balance Assets Liabilities Balance Assets Liabilities Balance Assets Liabilities Balance Assets Liabilities
FINANCIAL
ACCOUNT1)
105.5 13.8 -40.7 50.6
DIRECT
INVESTMENT2)
-123.1 -303.2 180.1 -197.1 -336.2 139.1 -45.0 -50.5 5.5 2.7 -13.1 15.8
Equity capital and reinvested earnings -101.6 -240.9 139.4 -159.7 -252.2 92.6 -31.6 -35.8 4.2 -4.5 -9.9 5.3
Other capital (mostly inter-company loans) -21.6 -62.3 40.7 -37.4 -84.0 46.5 -13.4 -14.7 1.2 7.2 -3.2 10.4
PORTFOLIO INVESTMENT 79.6 -449.2 528.8 384.9 -532.4 917.3 70.1 -34.3 104.4 33.9 -34.6 68.5
Equity 128.9 -159.8 288.7 264.0 -78.8 342.8 80.7 5.4 75.3 50.5 -1.7 52.2
Debt instruments -49.3 -289.4 240.1 120.9 -453.6 574.5 -10.6 -39.7 29.1 -16.6 -32.9 16.3
Bonds and notes -7.7 -255.6 247.9 153.0 -367.7 520.7 4.7 -28.2 32.9 -20.7 -35.3 14.6
Money market instruments -41.6 -33.8 -7.8 -32.1 -85.9 53.8 -15.3 -11.4 -3.8 4.1 2.4 1.7
MEMO ITEM: COMBINED DIRECT AND
PORTFOLIO INVESTMENT
-43.4 -752.4 709.0 187.8 -868.6 1,056.4 25.1 -84.8 109.8 36.6 -47.7 84.3
FINANCIAL DERIVATIVES (NET) -15.5 -36.4 -7.0 -10.7
OTHER INVESTMENT 153.4 -584.2 737.6 -124.3 -1,011.0 886.7 -56.8 -5.7 -51.1 27.9 -6.8 34.7
Eurosystem 13.0 -1.4 14.3 7.6 -10.3 17.9 7.0 -1.6 8.6 -6.2 0.5 -6.7
General government 8.5 10.1 -1.6 6.2 5.8 0.4 -12.2 -11.9 -0.3 16.1 18.0 -1.9
of which: currency and deposits 6.8 6.8 2.0 2.0 -8.2 -8.2 14.1 14.1
MFIs (excluding the Eurosystem) 113.6 -378.0 491.6 -49.9 -733.0 683.1 -35.9 30.8 -66.7 8.8 -38.6 47.3
long-term -33.6 -91.3 57.7 -133.0 -268.7 135.7 -35.3 -41.0 5.6 -1.1 -13.2 12.1
short-term 147.2 -286.7 433.9 83.1 -464.3 547.4 -0.6 71.7 -72.3 9.9 -25.3 35.2
Other sectors 18.3 -214.9 233.2 -88.2 -273.6 185.3 -15.7 -23.0 7.4 9.2 13.2 -4.0
of which: currency and deposits 4.6 4.6 -23.6 -23.6 -2.6 -2.6 5.5 5.5
RESERVE ASSETS 11.1 11.1 -13.3 -13.3 -1.9 -1.9 -3.2 -3.2
Errors and omissions -84.2 -37.0 27.8 -54.7