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 | June 2011 (revised) | July 2011 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| July 2010 | July 2011 | ||||||||||||||
| 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 | -23.2 | 2,438.1 | 2,461.3 | -71.8 | 2,757.6 | 2,829.4 | -3.1 | 239.5 | 242.6 | -3.2 | 236.0 | 239.2 | |||
| Goods | 30.3 | 1,436.1 | 1,405.8 | -3.4 | 1,695.5 | 1,698.9 | 0.9 | 145.6 | 144.7 | 3.3 | 147.8 | 144.4 | |||
| Services | 39.2 | 494.7 | 455.5 | 45.7 | 528.4 | 482.7 | 6.2 | 46.1 | 39.9 | 5.2 | 47.2 | 41.9 | |||
| Income | 5.3 | 418.5 | 413.2 | -11.5 | 443.9 | 455.4 | -2.4 | 42.2 | 44.6 | -1.4 | 35.8 | 37.2 | |||
| Current transfers | -98.0 | 88.8 | 186.8 | -102.6 | 89.7 | 192.3 | -7.8 | 5.6 | 13.3 | -10.3 | 5.3 | 15.6 | |||
| CAPITAL ACCOUNT | 7.3 | 21.5 | 14.3 | 5.4 | 20.4 | 15.0 | 0.4 | 1.3 | 1.0 | 0.5 | 1.4 | 1.0 | |||
| Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | ||||
| FINANCIALACCOUNT1) | 31.2 | 47.8 | 6.2 | 3.5 | |||||||||||
| DIRECTINVESTMENT2) | -88.7 | -254.2 | 165.5 | -5.6 | -116.8 | 111.2 | 5.9 | 6.7 | -0.7 | 2.4 | -10.7 | 13.1 | |||
| Equity capital and reinvested earnings | 66.9 | -162.0 | 229.9 | -13.5 | -89.7 | 76.8 | -4.8 | -5.2 | 0.4 | 7.3 | -9.7 | 17.0 | |||
| Other capital (mostly inter-company loans) | -156.6 | -92.2 | -64.4 | 7.7 | -27.1 | 34.4 | 10.8 | 11.9 | -1.1 | -4.9 | -1.0 | -3.9 | |||
| PORTFOLIO INVESTMENT | 199.3 | -133.3 | 332.6 | 343.5 | -78.5 | 422.0 | 83.5 | 21.8 | 61.7 | -18.4 | 5.9 | -24.3 | |||
| Equity | 28.8 | -80.4 | 109.2 | 84.0 | -67.9 | 151.9 | 11.0 | 7.7 | 3.3 | 5.0 | -1.7 | 6.7 | |||
| Debt instruments | 170.5 | -52.9 | 223.4 | 259.5 | -10.6 | 270.1 | 72.4 | 14.0 | 58.4 | -23.4 | 7.6 | -31.0 | |||
| Bonds and notes | 39.2 | -124.4 | 163.6 | 180.5 | -23.0 | 203.6 | 61.9 | 2.4 | 59.6 | -23.0 | 6.2 | -29.2 | |||
| Money market instruments | 131.4 | 71.6 | 59.8 | 79.0 | 12.5 | 66.5 | 10.5 | 11.6 | -1.1 | -0.4 | 1.3 | -1.7 | |||
| MEMO ITEM: COMBINED DIRECT AND PORTFOLIO INVESTMENT | 110.6 | -387.5 | 498.1 | 337.9 | -195.3 | 533.2 | 89.4 | 28.4 | 61.0 | -16.0 | -4.8 | -11.2 | |||
| FINANCIAL DERIVATIVES (NET) | 1.3 | 2.2 | 3.0 | -4.6 | |||||||||||
| OTHER INVESTMENT | -77.8 | 6.0 | -83.9 | -281.2 | -251.0 | -30.3 | -87.7 | 86.7 | -174.5 | 25.0 | 15.5 | 9.5 | |||
| Eurosystem | -43.5 | 7.4 | -51.0 | 33.4 | -13.9 | 47.3 | 0.7 | -0.6 | 1.3 | 14.3 | 0.1 | 14.2 | |||
| General government | -2.9 | -13.2 | 10.3 | 78.6 | -20.3 | 98.9 | 2.0 | -1.2 | 3.2 | 12.3 | 5.3 | 6.9 | |||
| of which: currency and deposits | -2.3 | -2.3 | 0.0 | 0.0 | -2.5 | -2.5 | 1.7 | 1.7 | |||||||
| MFIs (excluding the Eurosystem) | -17.2 | 52.6 | -69.8 | -303.7 | -138.9 | -164.7 | -78.8 | 91.9 | -170.7 | -4.9 | 19.5 | -24.3 | |||
| Long-term | 63.9 | 44.6 | 19.3 | 53.6 | 5.5 | 48.1 | -7.7 | -2.6 | -5.1 | 2.8 | -1.9 | 4.7 | |||
| Short-term | -81.1 | 8.0 | -89.1 | -357.3 | -144.5 | -212.8 | -71.1 | 94.5 | -165.6 | -7.7 | 21.3 | -29.0 | |||
| Other sectors | -14.2 | -40.7 | 26.6 | -89.6 | -77.8 | -11.8 | -11.7 | -3.4 | -8.3 | 3.3 | -9.4 | 12.7 | |||
| of which: currency and deposits | 9.4 | 9.4 | -11.0 | -11.0 | -0.1 | -0.1 | -5.6 | -5.6 | |||||||
| RESERVE ASSETS | -2.8 | -2.8 | -11.0 | -11.0 | 1.5 | 1.5 | -0.9 | -0.9 | |||||||
| Errors and omissions | -15.3 | 18.5 | -3.5 | -0.8 | |||||||||||