Table 2: Monthly balance of payments of the euro area
(EUR billions; transactions; non−working day and non−seasonally adjusted data)
| Cumulated figures for the 12-month period ending | January 2011 (revised) | February 2011 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| February 2010 | February 2011 | ||||||||||||||
| 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 | -21.4 | 2,300.7 | 2,322.2 | -49.1 | 2,653.2 | 2,702.2 | -20.8 | 209.1 | 229.9 | -9.5 | 220.0 | 229.5 | |||
| Goods | 45.3 | 1,318.4 | 1,273.1 | 9.6 | 1,615.7 | 1,606.2 | -14.1 | 127.5 | 141.6 | -1.0 | 137.2 | 138.2 | |||
| Services | 33.9 | 473.5 | 439.6 | 41.8 | 520.8 | 479.0 | 1.5 | 40.8 | 39.3 | 2.1 | 37.5 | 35.4 | |||
| Income | -0.5 | 418.2 | 418.7 | -3.5 | 425.1 | 428.6 | 0.1 | 32.1 | 32.0 | 2.9 | 32.9 | 30.0 | |||
| Current transfers | -100.1 | 90.6 | 190.8 | -97.0 | 91.5 | 188.5 | -8.2 | 8.7 | 17.0 | -13.5 | 12.4 | 26.0 | |||
| CAPITAL ACCOUNT | 7.5 | 21.7 | 14.2 | 8.0 | 22.2 | 14.2 | 0.4 | 1.3 | 0.9 | 2.2 | 2.9 | 0.8 | |||
| Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | ||||
| FINANCIALACCOUNT1) | -6.3 | 42.6 | 18.3 | 3.3 | |||||||||||
| DIRECTINVESTMENT2) | -92.2 | -278.9 | 186.7 | -79.2 | -181.1 | 101.9 | 6.5 | -26.3 | 32.8 | -19.6 | -5.9 | -13.7 | |||
| Equity capital and reinvested earnings | 48.2 | -207.2 | 256.6 | 4.8 | -81.5 | 86.9 | -26.1 | -32.4 | 6.3 | 6.4 | 3.5 | 2.9 | |||
| Other capital (mostly inter-company loans) | -141.3 | -71.8 | -69.9 | -84.4 | -99.7 | 15.0 | 32.6 | 6.2 | 26.4 | -26.1 | -9.5 | -16.6 | |||
| PORTFOLIO INVESTMENT | 282.7 | -109.2 | 391.9 | 186.8 | -142.6 | 329.4 | -18.1 | -39.5 | 21.4 | 90.9 | 1.8 | 89.0 | |||
| Equity | 62.7 | -87.7 | 150.4 | 113.0 | -62.9 | 175.9 | 15.1 | 6.1 | 9.0 | 27.2 | -4.7 | 31.9 | |||
| Debt instruments | 219.9 | -21.6 | 241.5 | 73.8 | -79.7 | 153.5 | -33.2 | -45.6 | 12.4 | 63.7 | 6.5 | 57.1 | |||
| Bonds and notes | 88.1 | -27.0 | 115.1 | -3.1 | -130.6 | 127.5 | -36.5 | -37.5 | 0.9 | 26.1 | -2.7 | 28.8 | |||
| Money market instruments | 131.8 | 5.4 | 126.4 | 76.9 | 50.9 | 26.0 | 3.3 | -8.1 | 11.5 | 37.6 | 9.2 | 28.3 | |||
| MEMO ITEM: COMBINED DIRECT AND PORTFOLIO INVESTMENT | 190.5 | -388.1 | 578.6 | 107.6 | -323.7 | 431.3 | -11.6 | -65.7 | 54.1 | 71.3 | -4.1 | 75.3 | |||
| FINANCIAL DERIVATIVES (NET) | 34.4 | 0.5 | -2.7 | -2.1 | |||||||||||
| OTHER INVESTMENT | -227.1 | 297.6 | -524.7 | -52.7 | -131.8 | 79.1 | 38.3 | -66.2 | 104.6 | -67.0 | -31.5 | -35.5 | |||
| Eurosystem | -143.9 | 5.1 | -149.0 | 17.6 | -6.5 | 24.2 | 7.5 | 0.5 | 7.1 | 1.6 | -3.0 | 4.6 | |||
| General government | -1.4 | -0.4 | -1.1 | 40.6 | -39.5 | 80.1 | 19.5 | 5.9 | 13.6 | 6.0 | -1.2 | 7.2 | |||
| of which: currency and deposits | 9.2 | 9.2 | -3.6 | -3.6 | 4.3 | 4.3 | -1.0 | -1.0 | |||||||
| MFIs (excluding the Eurosystem) | -44.0 | 200.1 | -244.1 | -89.8 | -31.5 | -58.4 | 4.6 | -59.4 | 64.0 | -58.7 | -41.6 | -17.1 | |||
| Long-term | -12.7 | 18.9 | -31.7 | 75.4 | 27.5 | 47.9 | 30.7 | -18.3 | 49.0 | 0.7 | -8.9 | 9.6 | |||
| Short-term | -31.3 | 181.1 | -212.4 | -165.2 | -59.0 | -106.3 | -26.0 | -41.0 | 15.0 | -59.5 | -32.7 | -26.7 | |||
| Other sectors | -37.7 | 92.9 | -130.6 | -21.1 | -54.4 | 33.2 | 6.7 | -13.3 | 19.9 | -15.9 | 14.4 | -30.2 | |||
| of which: currency and deposits | 48.3 | 48.3 | -31.4 | -31.4 | -18.1 | -18.1 | 5.5 | 5.5 | |||||||
| RESERVE ASSETS | -4.0 | -4.0 | -12.8 | -12.8 | -5.7 | -5.7 | 1.0 | 1.0 | |||||||
| Errors and omissions | 20.3 | -1.5 | 2.1 | 4.1 | |||||||||||