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 |
|
|
