Euro area securities issues statistics: December 2018

• The annual growth rate of the outstanding amount of debt securities issued by euro area residents decreased from 2.0% in November 2018 to 1.7% in December.
• For the outstanding amount of listed shares issued by euro area residents, the annual growth rate was 0.8% in December 2018, compared with 0.9% in November.

Debt securities

New issuance of debt securities by euro area residents totalled EUR 442.4 billion in December 2018. Redemptions amounted to EUR 559.0 billion and net redemptions to EUR 116.6 billion. The annual growth rate of outstanding debt securities issued by euro area residents decreased from 2.0% in November 2018 to 1.7% in December.

Data for debt securities

Breakdown by maturity

The annual rate of change of outstanding short-term debt securities decreased from -1.5% in November 2018 to -4.0% in December. For long-term debt securities, the annual growth rate was 2.1% in December 2018, compared with 2.3% in November. The annual growth rate of outstanding fixed rate long-term debt securities was 2.8% in December 2018, compared with 3.0% in November. The annual rate of change of outstanding variable rate long-term debt securities was -2.8% in December 2018, compared with -3.1% in November.

Data for breakdown by maturity

Breakdown by sector

As regards the sectoral breakdown, the annual growth rate of outstanding debt securities issued by non-financial corporations decreased from 3.7% in November 2018 to 3.4% in December. For the monetary financial institutions (MFIs) sector, this growth rate increased from 1.3% in November 2018 to 1.7% in December. The annual growth rate of outstanding debt securities issued by financial corporations other than MFIs decreased from 2.5% in November 2018 to 1.6% in December. For the general government, this growth rate decreased from 1.9% in November 2018 to 1.4% in December.

The annual rate of change of outstanding short-term debt securities issued by MFIs decreased from 0.1% in November 2018 to -3.1% in December. The annual growth rate of outstanding long-term debt securities issued by MFIs increased from 1.4% in November 2018 to 2.3% in December.

Data for breakdown by sector

Breakdown by currency

Concerning the currency breakdown, the annual growth rate of outstanding euro-denominated debt securities decreased from 2.8% in November 2018 to 2.5% in December. For debt securities in other currencies, this rate of change decreased from -2.6% in November 2018 to -3.2% in December.

Data for breakdown by currency

Listed shares

New issuance of listed shares by euro area residents totalled EUR 2.2 billion in December 2018. Redemptions amounted to EUR 8.8 billion and net redemptions to EUR 6.7 billion. The annual growth rate of the outstanding amount of listed shares issued by euro area residents (excluding valuation changes) was 0.8% in December 2018, compared with 0.9% in November. The annual growth rate of listed shares issued by non-financial corporations was 0.4% in December 2018, compared with 0.5% in November. For MFIs, the corresponding rate of change decreased from 0.4% in November 2018 to -0.1% in December. For financial corporations other than MFIs, this growth rate was 2.8% in December 2018, compared with 2.9% in November.

The market value of the outstanding amount of listed shares issued by euro area residents totalled EUR 7,030.7 billion at the end of December 2018. Compared with EUR 7,954.7 billion at the end of December 2017, this represents an annual decrease of -11.6% in the value of the stock of listed shares in December 2018, down from -6.6% in November.

Data for listed shares

Annex

• Table 1: Debt securities issued by euro area residents, by currency and original maturity
• Table 2: Debt securities issued by euro area residents in all currencies, by issuing sector and maturity
• Table 3: Listed shares issued by euro area residents, by issuing sector
• Charts: Annual growth rates of debt securities and listed shares issued by euro area residents

For media queries, please contact Stefan Ruhkamp, tel.: +49 69 1344 5057.

Notes:

• Unless otherwise indicated, data relate to non-seasonally adjusted statistics. In addition to the developments for December 2018, this press release incorporates minor revisions to the data for previous periods. The annual growth rates are based on financial transactions that occur when an institutional unit incurs or redeems liabilities, they are not affected by the impact of any other changes which do not arise from transactions.
• Hyperlinks in the main body of the press release and in annex tables lead to data that may change with subsequent releases as a result of revisions. Figures shown in annex tables are a snapshot of the data as at the time of the current release.
• The next press release on euro area securities issues will be published on 12 March 2019.