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
|
December 2006
(revised) |
January 2007
|
|
January 2006
|
January 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. |
CURRENT
ACCOUNT
|
-13.0
|
2,059.7
|
2,072.7
|
-13.9
|
2,338.5
|
2,352.4
|
4.5
|
212.0
|
207.5
|
-6.0
|
192.7
|
198.7
|
|
Goods
|
40.0
|
1,234.4
|
1,194.4
|
30.1
|
1,396.5
|
1,366.3
|
3.3
|
117.0
|
113.7
|
-3.7
|
114.0
|
117.7
|
|
Services
|
36.2
|
403.8
|
367.6
|
36.1
|
429.4
|
393.3
|
2.8
|
37.7
|
34.9
|
-0.1
|
33.3
|
33.5
|
|
Income
|
-20.6
|
344.2
|
364.9
|
-9.2
|
427.9
|
437.2
|
3.0
|
47.2
|
44.2
|
-1.0
|
36.0
|
37.0
|
|
Current transfers
|
-68.5
|
77.3
|
145.9
|
-70.9
|
84.7
|
155.6
|
-4.5
|
10.1
|
14.7
|
-1.2
|
9.4
|
10.6
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
CAPITAL
ACCOUNT
|
13.6
|
23.9
|
10.3
|
12.4
|
24.4
|
12.0
|
4.0
|
5.0
|
1.0
|
2.5
|
3.5
|
1.0
|
| |
|
|
|
|
|
|
Balance |
Assets |
Liabilities |
Balance |
Assets |
Liabilities |
Balance |
Assets |
Liabilities |
Balance |
Assets |
Liabilities |
FINANCIAL
ACCOUNT1)
|
23.0
|
|
|
163.2
|
|
|
-37.3
|
|
|
53.2
|
|
|
DIRECT
INVESTMENT2)
|
-190.0
|
-280.7
|
90.7
|
-148.0
|
-308.4
|
160.4
|
-28.3
|
-36.8
|
8.6
|
-5.0
|
-17.1
|
12.1
|
|
Equity capital and reinvested earnings
|
-156.8
|
-217.0
|
60.3
|
-151.4
|
-266.6
|
115.3
|
-19.9
|
-26.3
|
6.4
|
-16.8
|
-18.8
|
1.9
|
|
Other capital (mostly inter-company loans)
|
-33.2
|
-63.7
|
30.4
|
3.3
|
-41.8
|
45.1
|
-8.3
|
-10.5
|
2.1
|
11.8
|
1.7
|
10.2
|
|
PORTFOLIO INVESTMENT
|
132.7
|
-434.4
|
567.2
|
326.5
|
-449.9
|
776.4
|
35.8
|
-17.1
|
53.0
|
39.0
|
-62.5
|
101.5
|
|
Equity
|
142.2
|
-162.2
|
304.4
|
218.0
|
-93.8
|
311.9
|
28.9
|
-4.0
|
32.9
|
34.4
|
-9.6
|
44.0
|
|
Debt instruments
|
-9.5
|
-272.2
|
262.7
|
108.5
|
-356.0
|
464.5
|
7.0
|
-13.1
|
20.1
|
4.6
|
-52.9
|
57.5
|
|
Bonds and notes
|
-28.9
|
-264.7
|
235.8
|
164.8
|
-295.2
|
460.0
|
46.6
|
-8.4
|
55.0
|
-4.1
|
-42.7
|
38.6
|
|
Money market instruments
|
19.4
|
-7.6
|
27.0
|
-56.2
|
-60.8
|
4.6
|
-39.6
|
-4.7
|
-34.9
|
8.7
|
-10.2
|
18.9
|
MEMO ITEM: COMBINED DIRECT AND
PORTFOLIO INVESTMENT
|
-57.3
|
-715.1
|
657.9
|
178.5
|
-758.3
|
936.8
|
7.6
|
-53.9
|
61.5
|
34.0
|
-79.6
|
113.6
|
|
FINANCIAL DERIVATIVES (NET)
|
-9.9
|
|
|
-8.0
|
|
|
-4.8
|
|
|
-5.2
|
|
|
|
OTHER INVESTMENT
|
72.8
|
-620.3
|
693.1
|
-2.9
|
-810.1
|
807.2
|
-35.6
|
-30.1
|
-5.5
|
27.4
|
-142.1
|
169.5
|
|
Eurosystem
|
8.6
|
-1.5
|
10.1
|
15.7
|
-3.6
|
19.4
|
2.6
|
0.1
|
2.5
|
4.2
|
-1.5
|
5.7
|
|
General government
|
-0.8
|
6.7
|
-7.4
|
-2.3
|
0.5
|
-2.8
|
-1.9
|
0.7
|
-2.6
|
-4.1
|
1.0
|
-5.0
|
|
of which: currency and deposits
|
1.1
|
1.1
|
|
-3.8
|
-3.8
|
|
5.4
|
5.4
|
|
1.3
|
1.3
|
|
|
MFIs (excluding the Eurosystem)
|
73.7
|
-434.2
|
508.0
|
-42.3
|
-567.7
|
525.4
|
-71.1
|
-34.8
|
-36.3
|
53.0
|
-91.7
|
144.7
|
|
long-term
|
-39.0
|
-80.3
|
41.3
|
-123.0
|
-184.6
|
61.7
|
-42.9
|
-28.7
|
-14.2
|
-17.7
|
-27.1
|
9.4
|
|
short-term
|
112.8
|
-353.9
|
466.7
|
80.7
|
-383.0
|
463.7
|
-28.2
|
-6.0
|
-22.2
|
70.7
|
-64.6
|
135.3
|
|
Other sectors
|
-8.7
|
-191.2
|
182.5
|
25.9
|
-239.3
|
265.2
|
34.8
|
3.8
|
30.9
|
-25.7
|
-49.8
|
24.1
|
|
of which: currency and deposits
|
-4.4
|
-4.4
|
|
7.1
|
7.1
|
|
13.8
|
13.8
|
|
-30.8
|
-30.8
|
|
|
RESERVE ASSETS
|
17.3
|
17.3
|
|
-4.4
|
-4.4
|
|
-4.4
|
-4.4
|
|
-3.1
|
-3.1
|
|
|
Errors and omissions
|
-23.6
|
|
|
-161.7
|
|
|
28.7
|
|
|
-49.7
|
|
|
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