Table 2: Monthly balance of payments of the euro area
(EUR billions; transactions, non−seasonally adjusted data)
| Twelve-month cumulated figures ending | October 2005 (revised) | November 2005 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| November 2004 | November 2005 | ||||||||||||||
| 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 | 43.7 | 1,825.8 | 1,782.0 | -22.2 | 1,975.8 | 1,998.0 | -7.5 | 169.3 | 176.8 | -8.5 | 176.1 | 184.6 | |||
| Goods | 107.6 | 1,123.2 | 1,015.7 | 62.8 | 1,211.4 | 1,148.6 | 3.2 | 108.3 | 105.0 | 1.9 | 112.9 | 111.0 | |||
| Services | 29.6 | 358.6 | 328.9 | 29.1 | 383.7 | 354.5 | 4.2 | 33.6 | 29.4 | 2.1 | 30.5 | 28.5 | |||
| Income | -38.2 | 261.9 | 300.1 | -50.1 | 299.5 | 349.6 | -9.4 | 23.3 | 32.7 | -5.6 | 28.2 | 33.8 | |||
| Current transfers | -55.3 | 82.1 | 137.3 | -64.1 | 81.2 | 145.3 | -5.5 | 4.2 | 9.7 | -6.8 | 4.5 | 11.4 | |||
| CAPITAL ACCOUNT | 18.4 | 25.2 | 6.8 | 13.8 | 23.3 | 9.5 | 0.8 | 1.7 | 0.9 | 0.9 | 1.5 | 0.6 | |||
| Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | ||||
| FINANCIALACCOUNT1) | -23.4 | 91.9 | -9.9 | -2.8 | |||||||||||
| DIRECTINVESTMENT2) | -51.7 | -145.5 | 93.8 | -148.3 | -196.8 | 48.5 | -6.4 | -9.4 | 3.0 | -12.2 | -20.8 | 8.6 | |||
| Equity capital and reinvested earnings | -54.5 | -141.4 | 86.9 | -104.1 | -132.0 | 28.0 | 12.9 | 6.9 | 5.9 | -4.7 | -4.7 | 0.0 | |||
| Other capital (mostly inter-company loans) | 2.9 | -4.0 | 6.9 | -44.2 | -64.7 | 20.5 | -19.3 | -16.3 | -3.0 | -7.5 | -16.1 | 8.6 | |||
| PORTFOLIO INVESTMENT | 10.0 | -340.3 | 350.3 | 204.9 | -386.3 | 591.3 | -6.6 | -19.4 | 12.9 | -31.5 | -43.9 | 12.4 | |||
| Equity | -4.7 | -117.0 | 112.3 | 157.5 | -100.1 | 257.5 | -12.7 | -2.8 | -9.8 | -6.5 | -22.8 | 16.3 | |||
| Debt instruments | 14.7 | -223.3 | 238.0 | 47.5 | -286.3 | 333.7 | 6.1 | -16.6 | 22.7 | -24.9 | -21.1 | -3.9 | |||
| Bonds and notes | 76.4 | -164.2 | 240.6 | -16.3 | -278.6 | 262.3 | -9.1 | -28.9 | 19.7 | -13.8 | -16.1 | 2.3 | |||
| Money market instruments | -61.7 | -59.1 | -2.6 | 63.8 | -7.7 | 71.4 | 15.2 | 12.2 | 3.0 | -11.2 | -5.0 | -6.2 | |||
| MEMO ITEM: COMBINED DIRECT AND PORTFOLIO INVESTMENT | -41.7 | -485.7 | 444.1 | 56.7 | -583.1 | 639.8 | -13.0 | -28.9 | 15.9 | -43.7 | -64.8 | 21.1 | |||
| FINANCIAL DERIVATIVES (NET) | -8.8 | -14.6 | -1.5 | 1.6 | |||||||||||
| OTHER INVESTMENT | 8.7 | -314.3 | 323.0 | 36.9 | -604.2 | 641.1 | 4.3 | -52.9 | 57.3 | 38.1 | -124.3 | 162.4 | |||
| Eurosystem | 6.2 | -1.7 | 7.9 | 10.0 | -0.4 | 10.3 | -1.0 | 0.0 | -1.0 | 1.0 | -0.7 | 1.7 | |||
| General government | -6.8 | -3.2 | -3.6 | 5.4 | 6.1 | -0.8 | 2.3 | 0.3 | 2.0 | 0.5 | 0.2 | 0.2 | |||
| of which: currency and deposits | 1.3 | 1.3 | -0.6 | -0.6 | 0.8 | 0.8 | |||||||||
| MFIs (excluding the Eurosystem) | 30.1 | -250.9 | 281.0 | 73.1 | -477.1 | 550.2 | 2.3 | -49.1 | 51.5 | 56.1 | -114.0 | 170.1 | |||
| long-term | 2.5 | -13.0 | 15.5 | -41.4 | -76.0 | 34.6 | -4.4 | -5.0 | 0.6 | -5.1 | -1.7 | -3.4 | |||
| short-term | 27.6 | -237.9 | 265.5 | 114.5 | -401.1 | 515.6 | 6.7 | -44.1 | 50.9 | 61.2 | -112.3 | 173.5 | |||
| Other sectors | -20.8 | -58.5 | 37.7 | -51.5 | -132.8 | 81.3 | 0.7 | -4.1 | 4.8 | -19.5 | -9.9 | -9.6 | |||
| of which: currency and deposits | -17.0 | -17.0 | 2.6 | 2.6 | -8.0 | -8.0 | |||||||||
| RESERVE ASSETS | 18.4 | 18.4 | 13.0 | 13.0 | 0.2 | 0.2 | 1.2 | 1.2 | |||||||
| Errors and omissions | -38.8 | -83.5 | 16.7 | 10.5 | |||||||||||