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 2009 (revised) | March 2009 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| March 2008 | March 2009 | ||||||||||||||
| 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 | -8.7 | 2,729.4 | 2,738.0 | -101.8 | 2,650.2 | 2,752.0 | -2.1 | 193.1 | 195.1 | -3.5 | 195.8 | 199.3 | |||
| Goods | 37.8 | 1,540.3 | 1,502.4 | -9.9 | 1,501.3 | 1,511.2 | 1.0 | 102.9 | 101.9 | 2.8 | 111.0 | 108.1 | |||
| Services | 51.8 | 499.0 | 447.2 | 35.9 | 494.7 | 458.8 | 1.5 | 34.4 | 32.9 | 1.1 | 36.3 | 35.2 | |||
| Income | -6.1 | 601.2 | 607.2 | -33.7 | 565.4 | 599.1 | 0.5 | 39.8 | 39.3 | 3.3 | 43.6 | 40.3 | |||
| Current transfers | -92.2 | 88.9 | 181.2 | -94.2 | 88.7 | 182.9 | -5.1 | 16.0 | 21.1 | -10.8 | 4.9 | 15.7 | |||
| CAPITAL ACCOUNT | 15.0 | 26.9 | 12.0 | 9.5 | 22.3 | 12.8 | 0.9 | 1.5 | 0.6 | 1.5 | 2.2 | 0.7 | |||
| Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | ||||
| FINANCIALACCOUNT1) | 80.9 | 383.1 | -3.4 | 57.2 | |||||||||||
| DIRECTINVESTMENT2) | -153.2 | -530.9 | 377.7 | -228.5 | -262.2 | 33.7 | -11.8 | -20.4 | 8.6 | -24.7 | -30.5 | 5.8 | |||
| Equity capital and reinvested earnings | -147.5 | -396.2 | 249.9 | -107.6 | -153.5 | 46.7 | -2.9 | -8.6 | 5.6 | -4.5 | -12.8 | 8.3 | |||
| Other capital (mostly inter-company loans) | -6.3 | -134.7 | 127.8 | -121.8 | -108.7 | -13.0 | -8.9 | -11.8 | 2.9 | -20.2 | -17.7 | -2.6 | |||
| PORTFOLIO INVESTMENT | 134.4 | -357.5 | 491.9 | 495.2 | 140.6 | 354.6 | 56.1 | 21.0 | 35.1 | 95.8 | 58.7 | 37.0 | |||
| Equity | 87.8 | -13.7 | 101.5 | -119.7 | 70.8 | -190.5 | 2.5 | 8.4 | -5.9 | -1.1 | 1.6 | -2.8 | |||
| Debt instruments | 46.6 | -343.8 | 390.5 | 614.9 | 69.8 | 545.1 | 53.7 | 12.6 | 41.0 | 96.9 | 57.1 | 39.8 | |||
| Bonds and notes | 113.8 | -232.4 | 346.2 | 297.4 | -19.3 | 316.7 | 47.8 | 12.8 | 35.1 | 80.5 | 33.0 | 47.5 | |||
| Money market instruments | -67.2 | -111.5 | 44.3 | 317.5 | 89.1 | 228.4 | 5.9 | -0.1 | 6.0 | 16.4 | 24.2 | -7.7 | |||
| MEMO ITEM: COMBINED DIRECT AND PORTFOLIO INVESTMENT | -18.8 | -888.4 | 869.6 | 266.7 | -121.6 | 388.3 | 44.3 | 0.6 | 43.7 | 71.1 | 28.3 | 42.8 | |||
| FINANCIAL DERIVATIVES (NET) | -76.9 | 2.4 | 3.6 | 1.1 | |||||||||||
| OTHER INVESTMENT | 185.2 | -820.1 | 1,005.3 | 107.2 | 511.3 | -404.1 | -52.5 | 104.9 | -157.4 | -14.1 | 84.1 | -98.2 | |||
| Eurosystem | 70.0 | -23.7 | 93.7 | 198.0 | 21.7 | 176.2 | -24.4 | 3.6 | -28.0 | 5.2 | 2.3 | 3.0 | |||
| General government | 2.4 | 4.8 | -2.4 | 3.9 | -4.4 | 8.3 | 2.9 | 7.8 | -4.9 | 0.5 | -0.8 | 1.3 | |||
| of which: currency and deposits | -1.9 | -1.9 | -4.5 | -4.5 | 3.2 | 3.2 | -0.9 | -0.9 | |||||||
| MFIs (excluding the Eurosystem) | 163.6 | -485.8 | 649.4 | -96.6 | 478.0 | -574.6 | -15.5 | 91.4 | -106.9 | -25.2 | 85.8 | -111.0 | |||
| long-term | -106.9 | -177.5 | 70.6 | -221.6 | -161.4 | -60.2 | -21.4 | -3.9 | -17.5 | -15.5 | -5.1 | -10.3 | |||
| short-term | 270.6 | -308.3 | 578.9 | 125.1 | 639.4 | -514.3 | 5.9 | 95.3 | -89.4 | -9.8 | 90.9 | -100.7 | |||
| Other sectors | -50.8 | -315.4 | 264.6 | 1.9 | 16.0 | -14.1 | -15.4 | 2.2 | -17.6 | 5.4 | -3.1 | 8.6 | |||
| of which: currency and deposits | -13.0 | -13.0 | 72.4 | 72.4 | 6.3 | 6.3 | -4.9 | -4.9 | |||||||
| RESERVE ASSETS | -8.5 | -8.5 | 6.9 | 6.9 | 1.1 | 1.1 | -0.9 | -0.9 | |||||||
| Errors and omissions | -87.2 | -290.8 | 4.5 | -55.2 | |||||||||||