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
July 2014
(revised)
August 2014
August 2013 August 2014
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
199.9 3,234.3 3,034.4 239.1 3,280.7 3,041.6 32.8 291.4 258.5 15.1 257.4 242.3
Goods 146.3 1,925.8 1,779.4 177.5 1,950.1 1,772.7 21.1 174.9 153.8 7.8 144.5 136.7
Services 103.0 649.1 546.1 120.6 686.7 566.1 16.0 65.9 49.9 7.8 58.7 50.8
Income 71.0 560.6 489.6 53.7 545.3 491.6 3.7 45.2 41.5 6.8 49.4 42.6
Current transfers -120.4 98.8 219.2 -112.6 98.6 211.2 -7.9 5.3 13.2 -7.3 4.8 12.1
CAPITAL
ACCOUNT
21.6 35.3 13.7 17.8 30.6 12.8 -1.2 1.1 2.3 0.9 1.5 0.6
Balance Assets Liabilities Balance Assets Liabilities Balance Assets Liabilities Balance Assets Liabilities
FINANCIAL
ACCOUNT1)
-259.2 -251.1 -25.9 -16.1
DIRECT
INVESTMENT2)
-84.4 -264.9 180.5 -53.4 -241.7 188.3 -1.9 -3.4 1.5 8.6 -11.6 20.2
Equity capital and reinvested earnings 21.5 -132.3 154.3 -84.4 -293.0 208.7 -2.6 -10.1 7.5 3.4 -9.3 12.7
Other capital (mostly inter-company loans) -106.3 -132.6 26.2 30.7 51.3 -20.5 0.7 6.7 -5.9 5.2 -2.3 7.5
PORTFOLIO INVESTMENT 117.2 -273.4 390.6 92.0 -380.1 472.1 -12.4 -24.1 11.8 -27.8 -36.0 8.2
Equity 95.0 -164.1 259.1 157.2 -167.5 324.7 3.7 -9.8 13.5 21.3 -7.4 28.7
Debt instruments 22.2 -109.3 131.6 -65.2 -212.6 147.4 -16.1 -14.4 -1.7 -49.1 -28.7 -20.4
Bonds and notes -44.3 -115.2 71.0 45.4 -148.0 193.5 -8.4 -7.8 -0.6 -40.0 -17.2 -22.9
Money market instruments 66.5 5.9 60.6 -110.6 -64.6 -46.0 -7.6 -6.6 -1.0 -9.1 -11.5 2.4
MEMO ITEM: COMBINED DIRECT AND
PORTFOLIO INVESTMENT
32.8 -538.3 571.1 38.6 -621.8 660.4 -14.2 -27.5 13.3 -19.2 -47.6 28.4
FINANCIAL DERIVATIVES (NET) 34.6 4.9 2.7 -13.1
OTHER INVESTMENT -321.7 182.6 -504.3 -289.8 -185.3 -104.4 -15.0 -53.4 38.4 17.4 30.7 -13.3
Eurosystem -58.2 9.2 -67.4 -66.8 10.1 -76.9 -14.4 -1.0 -13.4 5.9 -0.4 6.3
General government -5.7 4.0 -9.7 -9.5 -8.3 -1.2 2.5 0.5 1.9 -5.0 -3.7 -1.3
of which: currency and deposits 8.4 8.4 -14.3 -14.3 0.3 0.3 -4.2 -4.2
MFIs (excluding the Eurosystem) -238.1 137.3 -375.4 -286.8 -180.6 -106.2 -17.2 -61.3 44.0 -7.4 12.1 -19.5
Long-term 30.9 94.5 -63.6 -5.1 47.8 -52.9 -3.1 4.8 -7.9 -12.3 -3.0 -9.3
Short-term -269.0 42.8 -311.9 -281.7 -228.4 -53.2 -14.1 -66.1 51.9 4.9 15.1 -10.2
Other sectors -19.7 32.0 -51.7 73.3 -6.6 79.9 14.2 8.3 5.9 23.8 22.7 1.1
of which: currency and deposits 46.3 46.3 -41.4 -41.4 3.4 3.4 9.3 9.3
RESERVE ASSETS -4.9 -4.9 -4.9 -4.9 0.6 0.6 -1.2 -1.2
Errors and omissions 37.7 -5.8 -5.8 0.1