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 | July 2007 (revised) | August 2007 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| August 2006 | August 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 | -40.4 | 2,245.2 | 2,285.7 | 23.1 | 2,530.7 | 2,507.6 | 4.8 | 220.3 | 215.4 | 0.7 | 211.1 | 210.3 | |||
| Goods | 12.4 | 1,331.4 | 1,319.0 | 65.5 | 1,478.8 | 1,413.3 | 9.4 | 129.7 | 120.3 | 3.9 | 120.2 | 116.3 | |||
| Services | 37.6 | 424.8 | 387.1 | 42.2 | 454.3 | 412.1 | 4.6 | 42.8 | 38.1 | 3.1 | 42.2 | 39.2 | |||
| Income | -13.8 | 407.6 | 421.4 | -7.9 | 507.8 | 515.8 | -1.8 | 42.4 | 44.2 | 1.4 | 42.1 | 40.7 | |||
| Current transfers | -76.7 | 81.5 | 158.1 | -76.7 | 89.7 | 166.4 | -7.4 | 5.4 | 12.8 | -7.6 | 6.5 | 14.1 | |||
| CAPITAL ACCOUNT | 11.0 | 24.4 | 13.4 | 13.7 | 25.3 | 11.7 | 0.9 | 1.8 | 0.9 | 0.2 | 1.1 | 0.9 | |||
| Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | ||||
| FINANCIALACCOUNT1) | 124.3 | 121.1 | 47.1 | 52.8 | |||||||||||
| DIRECTINVESTMENT2) | -108.0 | -285.4 | 177.4 | -179.3 | -368.3 | 189.0 | 0.1 | -12.9 | 13.0 | -8.5 | -25.7 | 17.1 | |||
| Equity capital and reinvested earnings | -90.7 | -233.5 | 142.8 | -139.1 | -268.5 | 129.4 | -4.3 | -8.6 | 4.3 | -11.3 | -18.1 | 6.7 | |||
| Other capital (mostly inter-company loans) | -17.3 | -51.9 | 34.5 | -40.1 | -99.8 | 59.6 | 4.4 | -4.3 | 8.7 | 2.8 | -7.6 | 10.4 | |||
| PORTFOLIO INVESTMENT | 82.9 | -437.9 | 520.8 | 403.4 | -505.0 | 908.4 | 30.2 | -35.1 | 65.3 | 13.3 | 16.7 | -3.4 | |||
| Equity | 95.5 | -164.4 | 259.9 | 255.7 | -58.9 | 314.6 | 47.7 | -2.1 | 49.8 | -20.3 | 7.1 | -27.4 | |||
| Debt instruments | -12.6 | -273.5 | 260.9 | 147.7 | -446.1 | 593.8 | -17.5 | -33.0 | 15.5 | 33.6 | 9.6 | 24.1 | |||
| Bonds and notes | 19.6 | -254.2 | 273.8 | 154.0 | -380.1 | 534.1 | -20.7 | -35.3 | 14.6 | 11.0 | -11.0 | 21.9 | |||
| Money market instruments | -32.2 | -19.3 | -12.9 | -6.3 | -66.0 | 59.7 | 3.2 | 2.4 | 0.9 | 22.7 | 20.6 | 2.1 | |||
| MEMO ITEM: COMBINED DIRECT AND PORTFOLIO INVESTMENT | -25.0 | -723.2 | 698.2 | 224.2 | -873.3 | 1,097.4 | 30.3 | -48.0 | 78.3 | 4.8 | -9.0 | 13.8 | |||
| FINANCIAL DERIVATIVES (NET) | -16.8 | -46.8 | -10.8 | -12.5 | |||||||||||
| OTHER INVESTMENT | 155.9 | -592.2 | 748.1 | -45.1 | -975.0 | 929.9 | 30.8 | -6.2 | 37.1 | 59.2 | -26.9 | 86.1 | |||
| Eurosystem | 11.5 | -3.0 | 14.5 | 9.6 | -11.5 | 21.1 | -6.2 | 0.5 | -6.7 | 1.7 | -2.6 | 4.3 | |||
| General government | 1.7 | 4.3 | -2.6 | 12.4 | 7.4 | 5.0 | 16.1 | 18.0 | -1.9 | 4.5 | 0.6 | 4.0 | |||
| of which: currency and deposits | -1.6 | -1.6 | 1.0 | 1.0 | 14.1 | 14.1 | 0.9 | 0.9 | |||||||
| MFIs (excluding the Eurosystem) | 121.5 | -390.7 | 512.2 | -31.9 | -759.3 | 727.4 | 10.4 | -38.0 | 48.4 | 46.9 | -10.0 | 56.9 | |||
| long-term | -35.6 | -96.7 | 61.1 | -118.8 | -241.5 | 122.7 | -1.6 | -13.7 | 12.1 | -22.7 | -23.2 | 0.5 | |||
| short-term | 157.1 | -294.0 | 451.0 | 86.9 | -517.8 | 604.7 | 12.0 | -24.3 | 36.3 | 69.6 | 13.2 | 56.3 | |||
| Other sectors | 21.2 | -202.8 | 224.0 | -35.3 | -211.6 | 176.3 | 10.5 | 13.3 | -2.7 | 6.0 | -14.9 | 20.9 | |||
| of which: currency and deposits | 11.5 | 11.5 | -14.4 | -14.4 | 5.5 | 5.5 | -5.2 | -5.2 | |||||||
| RESERVE ASSETS | 10.2 | 10.2 | -11.1 | -11.1 | -3.2 | -3.2 | 1.3 | 1.3 | |||||||
| Errors and omissions | -94.8 | -157.9 | -52.8 | -53.7 | |||||||||||