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 | October 2011 (revised) | November 2011 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| November 2010 | November 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 | -32.0 | 2,588.1 | 2,620.1 | -45.8 | 2,865.9 | 2,911.7 | 2.6 | 243.6 | 241.0 | 1.0 | 247.6 | 246.6 | |||
| Goods | 18.0 | 1,537.5 | 1,519.5 | -4.1 | 1,755.8 | 1,759.9 | 1.7 | 152.4 | 150.7 | 6.4 | 159.8 | 153.4 | |||
| Services | 48.8 | 516.4 | 467.6 | 57.6 | 541.3 | 483.7 | 5.3 | 46.6 | 41.4 | 2.6 | 43.2 | 40.6 | |||
| Income | 3.0 | 446.1 | 443.1 | 5.3 | 479.2 | 474.0 | 3.2 | 37.0 | 33.8 | 1.5 | 38.9 | 37.4 | |||
| Current transfers | -101.8 | 88.2 | 190.0 | -104.6 | 89.6 | 194.1 | -7.6 | 7.6 | 15.2 | -9.5 | 5.8 | 15.3 | |||
| CAPITAL ACCOUNT | 4.0 | 19.9 | 15.9 | 10.4 | 23.7 | 13.2 | 1.5 | 2.4 | 0.9 | 2.2 | 3.1 | 0.9 | |||
| Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | ||||
| FINANCIALACCOUNT1) | 31.2 | 29.5 | -5.0 | -3.6 | |||||||||||
| DIRECTINVESTMENT2) | -85.9 | -232.4 | 146.5 | -27.1 | -210.6 | 183.5 | -7.6 | -18.3 | 10.6 | -6.8 | -12.9 | 6.1 | |||
| Equity capital and reinvested earnings | 101.3 | -107.5 | 209.6 | 2.9 | -163.6 | 166.5 | -9.0 | -14.1 | 5.1 | -13.7 | -16.0 | 2.2 | |||
| Other capital (mostly inter-company loans) | -188.0 | -124.9 | -63.2 | -29.9 | -47.0 | 17.0 | 1.3 | -4.2 | 5.5 | 6.9 | 3.0 | 3.9 | |||
| PORTFOLIO INVESTMENT | 174.7 | -165.5 | 340.2 | 288.1 | 81.1 | 207.1 | -26.4 | 36.0 | -62.5 | 2.4 | 22.9 | -20.5 | |||
| Equity | 96.3 | -83.5 | 179.8 | 83.7 | 48.5 | 35.2 | -3.6 | 6.5 | -10.0 | 11.1 | 14.2 | -3.0 | |||
| Debt instruments | 78.3 | -82.0 | 160.4 | 204.5 | 32.6 | 171.9 | -22.9 | 29.6 | -52.4 | -8.8 | 8.7 | -17.5 | |||
| Bonds and notes | -6.3 | -126.4 | 120.1 | 209.2 | 24.0 | 185.1 | -26.6 | 12.6 | -39.2 | 7.8 | 11.6 | -3.8 | |||
| Money market instruments | 84.7 | 44.4 | 40.3 | -4.7 | 8.5 | -13.2 | 3.7 | 17.0 | -13.3 | -16.6 | -2.9 | -13.6 | |||
| MEMO ITEM: COMBINED DIRECT AND PORTFOLIO INVESTMENT | 88.8 | -397.9 | 486.6 | 261.1 | -129.5 | 390.6 | -34.1 | 17.8 | -51.8 | -4.5 | 10.0 | -14.4 | |||
| FINANCIAL DERIVATIVES (NET) | 11.7 | -10.0 | -0.9 | 0.8 | |||||||||||
| OTHER INVESTMENT | -59.5 | -160.4 | 100.9 | -215.6 | -164.0 | -51.6 | 31.0 | 47.1 | -16.1 | 0.3 | 37.3 | -37.0 | |||
| Eurosystem | -4.7 | 5.7 | -10.3 | 43.8 | -5.5 | 49.3 | -4.1 | 3.4 | -7.4 | 0.6 | 3.4 | -2.8 | |||
| General government | -7.4 | -39.6 | 32.3 | 80.6 | -6.6 | 87.2 | -3.9 | -6.7 | 2.8 | -9.8 | -9.6 | -0.2 | |||
| of which: currency and deposits | -3.3 | -3.3 | -12.8 | -12.8 | -7.6 | -7.6 | -6.8 | -6.8 | |||||||
| MFIs (excluding the Eurosystem) | -22.8 | -54.9 | 32.1 | -281.7 | -2.2 | -279.5 | 38.7 | 72.7 | -34.0 | 8.8 | 47.0 | -38.2 | |||
| Long-term | 69.9 | 12.6 | 57.2 | -17.6 | 16.9 | -34.6 | -16.3 | 17.8 | -34.1 | 2.1 | 8.2 | -6.1 | |||
| Short-term | -92.7 | -67.5 | -25.2 | -264.1 | -19.1 | -245.0 | 54.9 | 54.8 | 0.1 | 6.7 | 38.8 | -32.1 | |||
| Other sectors | -24.7 | -71.5 | 46.9 | -58.3 | -149.7 | 91.4 | 0.3 | -22.3 | 22.6 | 0.7 | -3.5 | 4.2 | |||
| of which: currency and deposits | -15.9 | -15.9 | -63.7 | -63.7 | -20.0 | -20.0 | -6.3 | -6.3 | |||||||
| RESERVE ASSETS | -9.8 | -9.8 | -5.9 | -5.9 | -1.1 | -1.1 | -0.2 | -0.2 | |||||||
| Errors and omissions | -3.2 | 5.8 | 0.9 | 0.4 | |||||||||||