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 | March 2007 (revised) | April 2007 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| April 2006 | April 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 | -23.3 | 2,152.5 | 2,175.8 | 7.6 | 2,423.6 | 2,416.0 | 10.2 | 218.3 | 208.1 | -6.5 | 200.9 | 207.5 | |||
| Goods | 26.5 | 1,282.8 | 1,256.3 | 44.7 | 1,432.3 | 1,387.6 | 9.2 | 131.0 | 121.8 | 3.2 | 119.2 | 116.0 | |||
| Services | 36.4 | 414.2 | 377.8 | 37.1 | 438.1 | 401.0 | 3.2 | 36.7 | 33.4 | 2.0 | 35.5 | 33.5 | |||
| Income | -10.6 | 374.4 | 385.0 | -0.5 | 464.3 | 464.7 | 3.2 | 43.9 | 40.7 | -4.4 | 41.2 | 45.6 | |||
| Current transfers | -75.6 | 81.0 | 156.6 | -73.7 | 88.8 | 162.6 | -5.5 | 6.7 | 12.1 | -7.4 | 5.0 | 12.3 | |||
| CAPITAL ACCOUNT | 13.2 | 25.2 | 12.0 | 15.2 | 25.5 | 10.4 | 1.6 | 2.1 | 0.6 | 0.6 | 1.3 | 0.7 | |||
| Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | ||||
| FINANCIALACCOUNT1) | 111.9 | 60.9 | -39.2 | 18.2 | |||||||||||
| DIRECTINVESTMENT2) | -192.2 | -370.2 | 178.0 | -180.7 | -281.3 | 100.6 | -8.4 | -21.9 | 13.5 | -24.4 | -30.0 | 5.6 | |||
| Equity capital and reinvested earnings | -185.1 | -314.9 | 129.9 | -175.4 | -228.8 | 53.4 | -19.7 | -18.9 | -0.9 | -14.0 | -18.9 | 4.9 | |||
| Other capital (mostly inter-company loans) | -7.1 | -55.3 | 48.1 | -5.2 | -52.5 | 47.2 | 11.4 | -3.0 | 14.4 | -10.4 | -11.1 | 0.7 | |||
| PORTFOLIO INVESTMENT | 164.0 | -485.0 | 649.0 | 408.3 | -434.4 | 842.7 | 71.4 | -18.7 | 90.1 | 16.3 | -42.4 | 58.8 | |||
| Equity | 188.5 | -193.2 | 381.7 | 238.7 | -56.4 | 295.1 | 42.8 | 15.9 | 26.9 | -8.2 | -11.0 | 2.7 | |||
| Debt instruments | -24.5 | -291.7 | 267.3 | 169.6 | -378.0 | 547.6 | 28.6 | -34.5 | 63.2 | 24.6 | -31.5 | 56.1 | |||
| Bonds and notes | -20.1 | -273.9 | 253.8 | 224.0 | -300.6 | 524.6 | 42.5 | -19.7 | 62.2 | 10.3 | -28.5 | 38.8 | |||
| Money market instruments | -4.4 | -17.8 | 13.5 | -54.3 | -77.3 | 23.0 | -13.9 | -14.8 | 1.0 | 14.3 | -3.0 | 17.2 | |||
| MEMO ITEM: COMBINED DIRECT AND PORTFOLIO INVESTMENT | -28.2 | -855.2 | 827.0 | 227.7 | -715.6 | 943.3 | 63.0 | -40.6 | 103.6 | -8.0 | -72.5 | 64.4 | |||
| FINANCIAL DERIVATIVES (NET) | -19.1 | -6.4 | -1.7 | -3.4 | |||||||||||
| OTHER INVESTMENT | 139.8 | -577.6 | 717.4 | -150.9 | -988.4 | 837.5 | -102.7 | -120.4 | 17.6 | 31.4 | -154.3 | 185.7 | |||
| Eurosystem | 4.5 | -4.8 | 9.3 | 20.4 | -4.3 | 24.7 | 2.9 | -0.4 | 3.2 | 3.0 | 0.8 | 2.3 | |||
| General government | 7.9 | 6.4 | 1.5 | 6.1 | 5.3 | 0.8 | 4.6 | 2.8 | 1.8 | 1.7 | 1.1 | 0.6 | |||
| of which: currency and deposits | -0.9 | -0.9 | 1.3 | 1.3 | 2.6 | 2.6 | -2.3 | -2.3 | |||||||
| MFIs (excluding the Eurosystem) | 125.6 | -373.1 | 498.8 | -129.3 | -727.6 | 598.3 | -71.6 | -98.6 | 27.0 | 38.2 | -125.6 | 163.8 | |||
| long-term | -15.1 | -79.7 | 64.6 | -107.0 | -198.3 | 91.3 | -23.7 | -29.2 | 5.5 | -7.9 | -17.0 | 9.1 | |||
| short-term | 140.8 | -293.4 | 434.2 | -22.2 | -529.3 | 507.0 | -47.9 | -69.5 | 21.5 | 46.1 | -108.6 | 154.7 | |||
| Other sectors | 1.7 | -206.1 | 207.8 | -48.1 | -261.8 | 213.8 | -38.6 | -24.2 | -14.4 | -11.5 | -30.5 | 19.1 | |||
| of which: currency and deposits | -2.6 | -2.6 | -10.8 | -10.8 | 4.0 | 4.0 | -7.0 | -7.0 | |||||||
| RESERVE ASSETS | 19.3 | 19.3 | -9.4 | -9.4 | 2.1 | 2.1 | -1.8 | -1.8 | |||||||
| Errors and omissions | -101.7 | -83.7 | 27.5 | -12.2 | |||||||||||