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 | September 2007 (revised) | October 2007 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| October 2006 | October 2007 | ||||||||||||||
| 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 | -28.1 | 2,318.8 | 2,347.0 | 28.3 | 2,571.0 | 2,542.7 | 5.7 | 215.7 | 210.0 | 2.0 | 229.7 | 227.7 | |||
| Goods | 13.1 | 1,364.8 | 1,351.8 | 68.5 | 1,497.8 | 1,429.3 | 6.3 | 125.9 | 119.6 | 7.7 | 140.6 | 132.8 | |||
| Services | 34.7 | 424.0 | 389.3 | 43.4 | 460.6 | 417.2 | 5.4 | 40.3 | 34.8 | 2.5 | 41.2 | 38.7 | |||
| Income | 6.3 | 447.9 | 441.6 | -5.2 | 524.1 | 529.3 | 2.1 | 44.7 | 42.6 | 1.7 | 43.7 | 42.0 | |||
| Current transfers | -82.1 | 82.2 | 164.3 | -78.4 | 88.4 | 166.8 | -8.2 | 4.9 | 13.0 | -10.0 | 4.2 | 14.2 | |||
| CAPITAL ACCOUNT | 8.7 | 23.0 | 14.3 | 13.9 | 25.7 | 11.8 | 0.1 | 0.9 | 0.8 | 1.1 | 1.9 | 0.8 | |||
| Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | ||||
| FINANCIALACCOUNT1) | 139.6 | 7.7 | -5.8 | -81.9 | |||||||||||
| DIRECTINVESTMENT2) | -125.8 | -333.1 | 207.2 | -130.6 | -355.9 | 225.3 | -22.8 | -40.2 | 17.4 | 21.3 | -24.6 | 45.9 | |||
| Equity capital and reinvested earnings | -109.7 | -279.5 | 169.9 | -92.8 | -253.1 | 160.3 | -6.2 | -21.7 | 15.4 | 6.2 | -24.1 | 30.3 | |||
| Other capital (mostly inter-company loans) | -16.2 | -53.6 | 37.3 | -37.8 | -102.8 | 65.0 | -16.6 | -18.5 | 1.9 | 15.0 | -0.6 | 15.6 | |||
| PORTFOLIO INVESTMENT | 153.1 | -535.1 | 688.2 | 324.7 | -453.4 | 778.1 | 45.2 | 11.2 | 33.9 | -53.8 | -67.7 | 13.9 | |||
| Equity | 131.1 | -186.7 | 317.8 | 244.8 | -49.1 | 293.8 | 21.4 | 4.6 | 16.9 | -5.9 | -9.4 | 3.5 | |||
| Debt instruments | 22.0 | -348.4 | 370.4 | 79.9 | -404.4 | 484.3 | 23.7 | 6.6 | 17.1 | -47.9 | -58.3 | 10.4 | |||
| Bonds and notes | 87.6 | -282.8 | 370.4 | 99.4 | -345.1 | 444.5 | 1.8 | -5.1 | 6.9 | -11.4 | -32.1 | 20.7 | |||
| Money market instruments | -65.6 | -65.5 | -0.1 | -19.5 | -59.3 | 39.8 | 21.9 | 11.8 | 10.1 | -36.5 | -26.2 | -10.3 | |||
| MEMO ITEM: COMBINED DIRECT AND PORTFOLIO INVESTMENT | 27.3 | -868.1 | 895.4 | 194.1 | -809.3 | 1,003.4 | 22.3 | -29.0 | 51.3 | -32.6 | -92.4 | 59.8 | |||
| FINANCIAL DERIVATIVES (NET) | 5.4 | -82.8 | -10.3 | -10.9 | |||||||||||
| OTHER INVESTMENT | 97.4 | -631.0 | 728.5 | -90.7 | -1,093.1 | 1,002.5 | -15.4 | -196.6 | 181.2 | -38.0 | -136.8 | 98.8 | |||
| Eurosystem | 9.5 | -3.5 | 13.0 | 12.4 | -12.3 | 24.6 | 1.7 | 0.5 | 1.2 | 2.5 | -1.3 | 3.8 | |||
| General government | 0.2 | 1.6 | -1.5 | 14.5 | 9.2 | 5.2 | 0.7 | -0.4 | 1.1 | 6.1 | 4.4 | 1.7 | |||
| of which: currency and deposits | -4.9 | -4.9 | 7.1 | 7.1 | -0.8 | -0.8 | 4.3 | 4.3 | |||||||
| MFIs (excluding the Eurosystem) | 97.0 | -431.1 | 528.1 | -33.1 | -737.6 | 704.5 | -3.9 | -32.8 | 28.8 | -11.5 | -101.5 | 89.9 | |||
| long-term | -74.2 | -137.0 | 62.7 | -121.7 | -233.4 | 111.7 | -26.9 | -24.7 | -2.2 | -20.9 | -24.7 | 3.8 | |||
| short-term | 171.2 | -294.2 | 465.4 | 88.6 | -504.2 | 592.8 | 23.0 | -8.1 | 31.0 | 9.4 | -76.8 | 86.2 | |||
| Other sectors | -9.2 | -198.0 | 188.8 | -84.4 | -352.4 | 268.1 | -13.8 | -163.9 | 150.0 | -35.0 | -38.4 | 3.3 | |||
| of which: currency and deposits | -21.5 | -21.5 | -58.3 | -58.3 | -22.2 | -22.2 | -10.2 | -10.2 | |||||||
| RESERVE ASSETS | 9.5 | 9.5 | -12.9 | -12.9 | -2.3 | -2.3 | -0.5 | -0.5 | |||||||
| Errors and omissions | -120.2 | -49.9 | 0.0 | 78.8 | |||||||||||