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 | May 2008 (revised) | June 2008 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| June 2007 | June 2008 | ||||||||||||||
| 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 | 20.4 | 2,524.8 | 2,504.4 | -18.4 | 2,731.4 | 2,749.8 | -19.6 | 225.5 | 245.1 | -1.0 | 234.5 | 235.5 | |||
| Goods | 51.4 | 1,452.4 | 1,401.0 | 26.8 | 1,558.6 | 1,531.8 | -3.3 | 128.4 | 131.7 | 1.9 | 135.8 | 133.9 | |||
| Services | 44.4 | 460.7 | 416.3 | 49.5 | 497.6 | 448.1 | 4.1 | 40.0 | 36.0 | 4.2 | 42.2 | 38.0 | |||
| Income | 3.2 | 520.2 | 517.0 | -1.6 | 585.2 | 586.8 | -15.6 | 50.2 | 65.8 | -1.8 | 50.3 | 52.1 | |||
| Current transfers | -78.5 | 91.5 | 170.0 | -93.1 | 89.9 | 183.0 | -4.8 | 6.8 | 11.7 | -5.4 | 6.2 | 11.6 | |||
| CAPITAL ACCOUNT | 13.5 | 25.7 | 12.2 | 14.9 | 28.4 | 13.5 | 1.8 | 2.7 | 0.9 | -0.2 | 2.0 | 2.2 | |||
| Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | ||||
| FINANCIALACCOUNT1) | 83.6 | 115.4 | 45.3 | 15.7 | |||||||||||
| DIRECTINVESTMENT2) | -171.6 | -367.5 | 195.9 | -203.2 | -359.6 | 156.3 | -8.8 | -10.1 | 1.3 | -22.0 | -30.3 | 8.3 | |||
| Equity capital and reinvested earnings | -131.5 | -284.4 | 152.5 | -151.7 | -242.3 | 89.3 | -7.3 | -11.0 | 3.7 | -16.3 | -15.4 | -0.9 | |||
| Other capital (mostly inter-company loans) | -38.6 | -83.2 | 43.5 | -50.0 | -117.2 | 67.1 | -1.4 | 0.9 | -2.4 | -5.7 | -14.9 | 9.2 | |||
| PORTFOLIO INVESTMENT | 372.0 | -571.1 | 943.1 | 148.9 | -269.2 | 418.2 | 22.2 | -53.7 | 76.0 | 54.2 | -5.4 | 59.5 | |||
| Equity | 237.6 | -90.9 | 328.5 | 61.1 | 7.8 | 53.3 | 6.6 | -12.0 | 18.5 | 6.7 | -1.0 | 7.7 | |||
| Debt instruments | 134.4 | -480.2 | 614.6 | 87.8 | -277.1 | 364.9 | 15.7 | -41.7 | 57.4 | 47.5 | -4.4 | 51.9 | |||
| Bonds and notes | 182.5 | -371.3 | 553.8 | 130.2 | -210.9 | 341.1 | 37.2 | -35.4 | 72.6 | 19.6 | -9.4 | 29.0 | |||
| Money market instruments | -48.1 | -108.9 | 60.8 | -42.4 | -66.2 | 23.8 | -21.5 | -6.3 | -15.2 | 27.9 | 5.0 | 22.9 | |||
| MEMO ITEM: COMBINED DIRECT AND PORTFOLIO INVESTMENT | 200.4 | -938.7 | 1,139.1 | -54.3 | -628.8 | 574.5 | 13.5 | -63.8 | 77.3 | 32.2 | -35.6 | 67.8 | |||
| FINANCIAL DERIVATIVES (NET) | -25.3 | -109.5 | -29.6 | 4.8 | |||||||||||
| OTHER INVESTMENT | -80.1 | -970.2 | 890.2 | 283.9 | -469.6 | 753.5 | 58.7 | 31.4 | 27.2 | -21.7 | 127.8 | -149.5 | |||
| Eurosystem | 17.0 | -9.0 | 26.0 | 71.8 | -16.2 | 88.1 | 19.8 | 0.7 | 19.1 | 2.5 | -0.3 | 2.7 | |||
| General government | 1.2 | -3.3 | 4.5 | 14.9 | 15.2 | -0.2 | -5.5 | -3.9 | -1.6 | -1.5 | -1.3 | -0.2 | |||
| of which: currency and deposits | -7.0 | -7.0 | 9.3 | 9.3 | -3.8 | -3.8 | -1.1 | -1.1 | |||||||
| MFIs (excluding the Eurosystem) | -48.0 | -756.9 | 708.9 | 204.7 | -244.6 | 449.3 | 35.5 | 33.8 | 1.7 | -20.4 | 122.7 | -143.1 | |||
| long-term | -95.1 | -228.0 | 132.9 | -182.9 | -178.8 | -4.0 | -14.8 | -13.3 | -1.5 | -19.3 | -19.1 | -0.2 | |||
| short-term | 47.1 | -528.9 | 576.0 | 387.6 | -65.8 | 453.4 | 50.3 | 47.1 | 3.2 | -1.0 | 141.8 | -142.8 | |||
| Other sectors | -50.2 | -201.1 | 150.8 | -7.5 | -223.9 | 216.3 | 8.8 | 0.8 | 8.0 | -2.3 | 6.6 | -8.9 | |||
| of which: currency and deposits | -18.7 | -18.7 | 46.8 | 46.8 | 9.9 | 9.9 | 20.1 | 20.1 | |||||||
| RESERVE ASSETS | -11.4 | -11.4 | -4.7 | -4.7 | 2.8 | 2.8 | 0.5 | 0.5 | |||||||
| Errors and omissions | -117.5 | -111.9 | -27.5 | -14.5 | |||||||||||