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 | December 2008 (revised) | January 2009 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| January 2008 | January 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 | 17.3 | 2,710.3 | 2,693.1 | -70.4 | 2,737.9 | 2,808.2 | 0.7 | 221.8 | 221.2 | -18.2 | 180.0 | 198.2 | |||
| Goods | 48.9 | 1,523.8 | 1,475.0 | -5.2 | 1,556.1 | 1,561.3 | 0.6 | 115.1 | 114.5 | -9.1 | 99.5 | 108.6 | |||
| Services | 55.8 | 493.6 | 437.8 | 50.2 | 498.1 | 447.9 | 3.4 | 41.5 | 38.1 | 2.6 | 35.1 | 32.5 | |||
| Income | 6.3 | 606.0 | 599.7 | -23.9 | 595.9 | 619.8 | 0.6 | 49.5 | 48.9 | -2.0 | 39.7 | 41.7 | |||
| Current transfers | -93.6 | 86.9 | 180.6 | -91.4 | 87.9 | 179.3 | -3.8 | 15.8 | 19.6 | -9.8 | 5.7 | 15.5 | |||
| CAPITAL ACCOUNT | 14.3 | 26.1 | 11.8 | 11.6 | 24.7 | 13.1 | 0.9 | 2.4 | 1.4 | 0.5 | 1.7 | 1.2 | |||
| Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | ||||
| FINANCIALACCOUNT1) | 8.8 | 258.7 | 6.9 | 54.2 | |||||||||||
| DIRECTINVESTMENT2) | -148.1 | -515.6 | 367.6 | -236.7 | -272.6 | 35.9 | -15.9 | -11.6 | -4.3 | -19.5 | -31.1 | 11.6 | |||
| Equity capital and reinvested earnings | -141.8 | -401.3 | 260.0 | -128.8 | -170.0 | 42.0 | -2.3 | -6.5 | 4.4 | -16.4 | -23.1 | 6.7 | |||
| Other capital (mostly inter-company loans) | -6.7 | -114.3 | 107.6 | -108.1 | -102.6 | -6.1 | -13.9 | -5.1 | -8.8 | -3.0 | -8.0 | 5.0 | |||
| PORTFOLIO INVESTMENT | 167.9 | -408.8 | 576.6 | 347.1 | 44.4 | 302.7 | 11.1 | 36.7 | -25.6 | -3.3 | -19.5 | 16.1 | |||
| Equity | 28.8 | -56.0 | 84.8 | -28.5 | 104.4 | -132.9 | 23.3 | 15.0 | 8.3 | -51.7 | -8.0 | -43.8 | |||
| Debt instruments | 139.0 | -352.8 | 491.8 | 375.6 | -60.0 | 435.6 | -12.2 | 21.7 | -33.9 | 48.4 | -11.5 | 59.9 | |||
| Bonds and notes | 198.1 | -255.5 | 453.6 | 168.4 | -91.2 | 259.5 | -13.3 | 21.7 | -35.0 | 20.8 | -9.7 | 30.5 | |||
| Money market instruments | -59.1 | -97.3 | 38.1 | 207.3 | 31.2 | 176.1 | 1.1 | -0.0 | 1.1 | 27.6 | -1.8 | 29.4 | |||
| MEMO ITEM: COMBINED DIRECT AND PORTFOLIO INVESTMENT | 19.8 | -924.4 | 944.2 | 110.5 | -228.1 | 338.6 | -4.8 | 25.1 | -29.9 | -22.8 | -50.5 | 27.8 | |||
| FINANCIAL DERIVATIVES (NET) | -76.6 | 20.6 | 2.5 | 5.9 | |||||||||||
| OTHER INVESTMENT | 74.1 | -958.4 | 1,032.5 | 120.8 | 210.3 | -89.5 | 1.4 | 207.3 | -205.9 | 65.7 | 52.2 | 13.5 | |||
| Eurosystem | 70.1 | -23.6 | 93.7 | 227.0 | 15.7 | 211.3 | 14.6 | 3.2 | 11.4 | -56.7 | 2.4 | -59.2 | |||
| General government | 14.9 | 6.9 | 8.1 | -4.2 | -10.9 | 6.6 | 6.7 | 7.3 | -0.6 | -11.3 | -13.4 | 2.1 | |||
| of which: currency and deposits | 4.7 | 4.7 | -9.4 | -9.4 | 7.2 | 7.2 | -11.3 | -11.3 | |||||||
| MFIs (excluding the Eurosystem) | 39.4 | -637.9 | 677.4 | -16.8 | 275.0 | -291.8 | -19.5 | 169.8 | -189.3 | 152.3 | 51.3 | 101.0 | |||
| long-term | -105.2 | -192.8 | 87.6 | -217.5 | -180.4 | -37.1 | -12.5 | 1.9 | -14.4 | 3.6 | 13.8 | -10.3 | |||
| short-term | 144.6 | -445.1 | 589.7 | 200.7 | 455.4 | -254.8 | -7.0 | 167.9 | -174.9 | 148.7 | 37.5 | 111.2 | |||
| Other sectors | -50.4 | -303.7 | 253.3 | -85.2 | -69.6 | -15.6 | -0.4 | 27.0 | -27.4 | -18.5 | 11.9 | -30.4 | |||
| of which: currency and deposits | -3.6 | -3.6 | 55.3 | 55.3 | 20.8 | 20.8 | 5.8 | 5.8 | |||||||
| RESERVE ASSETS | -8.5 | -8.5 | 6.9 | 6.9 | 7.8 | 7.8 | 5.4 | 5.4 | |||||||
| Errors and omissions | -40.3 | -199.9 | -8.5 | -36.4 | |||||||||||