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 | April 2009 (revised) | May 2009 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| May 2008 | May 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 | -21.0 | 2,764.8 | 2,785.8 | -116.9 | 2,540.8 | 2,657.7 | -9.4 | 185.8 | 195.2 | -13.0 | 183.7 | 196.6 | |||
| Goods | 34.1 | 1,565.5 | 1,531.3 | -11.2 | 1,430.2 | 1,441.5 | 3.9 | 104.1 | 100.2 | 2.2 | 98.9 | 96.7 | |||
| Services | 51.3 | 503.9 | 452.6 | 31.7 | 490.4 | 458.7 | 2.3 | 36.7 | 34.3 | 2.9 | 37.0 | 34.1 | |||
| Income | -13.4 | 604.9 | 618.3 | -38.0 | 535.1 | 573.1 | -7.2 | 39.6 | 46.8 | -11.8 | 42.0 | 53.8 | |||
| Current transfers | -92.9 | 90.6 | 183.5 | -99.4 | 85.1 | 184.5 | -8.4 | 5.4 | 13.8 | -6.2 | 5.8 | 12.1 | |||
| CAPITAL ACCOUNT | 15.4 | 27.5 | 12.1 | 7.2 | 20.3 | 13.1 | 2.0 | 2.7 | 0.7 | 0.2 | 0.9 | 0.7 | |||
| Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | ||||
| FINANCIALACCOUNT1) | 115.6 | 373.0 | -2.5 | 24.7 | |||||||||||
| DIRECTINVESTMENT2) | -147.5 | -461.0 | 313.5 | -175.5 | -312.7 | 137.2 | -4.5 | -59.2 | 54.7 | 6.1 | -11.9 | 18.0 | |||
| Equity capital and reinvested earnings | -144.0 | -333.1 | 190.4 | -67.3 | -192.7 | 126.0 | -1.9 | -49.7 | 47.8 | -1.8 | -6.8 | 4.9 | |||
| Other capital (mostly inter-company loans) | -4.5 | -127.9 | 123.1 | -109.3 | -120.0 | 11.2 | -2.5 | -9.5 | 6.9 | 7.9 | -5.1 | 13.1 | |||
| PORTFOLIO INVESTMENT | 129.6 | -353.6 | 483.1 | 593.6 | 264.2 | 329.5 | -9.0 | 0.6 | -9.6 | 53.8 | -10.3 | 64.0 | |||
| Equity | 81.1 | -17.1 | 98.2 | -12.7 | 126.5 | -139.2 | -19.5 | 2.5 | -21.9 | 7.9 | -3.0 | 11.0 | |||
| Debt instruments | 48.4 | -336.5 | 384.9 | 606.3 | 137.6 | 468.7 | 10.5 | -1.8 | 12.3 | 45.8 | -7.2 | 53.0 | |||
| Bonds and notes | 147.2 | -227.7 | 374.9 | 285.1 | 75.8 | 209.3 | -22.3 | -6.9 | -15.4 | 52.3 | -1.2 | 53.5 | |||
| Money market instruments | -98.7 | -108.8 | 10.1 | 321.3 | 61.8 | 259.4 | 32.8 | 5.1 | 27.7 | -6.5 | -6.0 | -0.5 | |||
| MEMO ITEM: COMBINED DIRECT AND PORTFOLIO INVESTMENT | -17.9 | -814.5 | 796.6 | 418.1 | -48.6 | 466.7 | -13.4 | -58.6 | 45.1 | 59.9 | -22.1 | 82.0 | |||
| FINANCIAL DERIVATIVES (NET) | -87.2 | 12.0 | 7.7 | 10.3 | |||||||||||
| OTHER INVESTMENT | 227.6 | -635.6 | 863.2 | -62.4 | 664.3 | -726.7 | 3.1 | -28.0 | 31.1 | -43.3 | 154.2 | -197.5 | |||
| Eurosystem | 104.2 | -12.9 | 117.1 | 113.5 | 18.1 | 95.4 | -30.6 | -1.6 | -28.9 | -20.2 | -0.0 | -20.2 | |||
| General government | 0.3 | 4.9 | -4.6 | 15.4 | 6.5 | 8.9 | 9.3 | 9.9 | -0.6 | -3.6 | -3.8 | 0.1 | |||
| of which: currency and deposits | 2.3 | 2.3 | 6.8 | 6.8 | 10.2 | 10.2 | -3.7 | -3.7 | |||||||
| MFIs (excluding the Eurosystem) | 174.7 | -348.9 | 523.6 | -194.3 | 530.7 | -724.9 | -1.8 | -39.6 | 37.8 | -2.0 | 65.2 | -67.3 | |||
| long-term | -172.8 | -196.0 | 23.2 | -185.9 | -109.5 | -76.5 | -6.1 | 1.3 | -7.3 | -12.9 | -1.3 | -11.6 | |||
| short-term | 347.5 | -152.9 | 500.4 | -8.4 | 640.1 | -648.5 | 4.2 | -40.9 | 45.1 | 10.9 | 66.5 | -55.6 | |||
| Other sectors | -51.6 | -278.7 | 227.2 | 3.0 | 109.0 | -106.0 | 26.2 | 3.4 | 22.8 | -17.4 | 92.8 | -110.2 | |||
| of which: currency and deposits | 30.5 | 30.5 | 58.2 | 58.2 | 7.3 | 7.3 | 21.4 | 21.4 | |||||||
| RESERVE ASSETS | -6.8 | -6.8 | 5.3 | 5.3 | 0.1 | 0.1 | -2.3 | -2.3 | |||||||
| Errors and omissions | -110.1 | -263.3 | 9.9 | -12.0 | |||||||||||