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 | February 2012 (revised) | March 2012 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| March 2011 | March 2012 | ||||||||||||||
| 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 | -14.1 | 2,753.9 | 2,768.0 | 9.8 | 2,976.0 | 2,966.2 | -5.6 | 244.0 | 249.6 | 7.5 | 263.7 | 256.2 | |||
| Goods | 4.5 | 1,643.8 | 1,639.3 | 16.6 | 1,810.4 | 1,793.8 | 2.3 | 153.2 | 150.9 | 8.7 | 168.3 | 159.5 | |||
| Services | 50.6 | 533.3 | 482.8 | 62.4 | 552.3 | 489.8 | 3.1 | 41.3 | 38.1 | 3.9 | 44.4 | 40.5 | |||
| Income | 32.1 | 486.5 | 454.3 | 31.4 | 518.5 | 487.1 | 4.9 | 38.3 | 33.5 | 5.5 | 45.1 | 39.5 | |||
| Current transfers | -101.3 | 90.4 | 191.7 | -100.6 | 94.9 | 195.4 | -15.9 | 11.2 | 27.1 | -10.6 | 5.9 | 16.6 | |||
| CAPITAL ACCOUNT | 6.2 | 21.0 | 14.8 | 10.5 | 25.5 | 15.0 | 1.6 | 2.4 | 0.8 | 0.3 | 1.6 | 1.3 | |||
| Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | ||||
| FINANCIALACCOUNT1) | -15.0 | -27.6 | 0.3 | -19.0 | |||||||||||
| DIRECTINVESTMENT2) | -111.7 | -339.9 | 228.1 | -136.5 | -290.4 | 153.9 | -3.4 | -14.5 | 11.1 | -18.4 | -25.6 | 7.2 | |||
| Equity capital and reinvested earnings | -33.1 | -235.5 | 202.9 | -68.9 | -247.5 | 178.5 | -4.8 | -13.7 | 8.9 | 1.2 | -11.2 | 12.4 | |||
| Other capital (mostly inter-company loans) | -79.1 | -104.4 | 25.2 | -67.6 | -42.9 | -24.7 | 1.4 | -0.8 | 2.2 | -19.5 | -14.4 | -5.2 | |||
| PORTFOLIO INVESTMENT | 280.7 | -113.9 | 394.6 | 112.8 | -47.6 | 160.4 | 19.4 | -29.6 | 49.0 | -35.4 | -59.7 | 24.2 | |||
| Equity | 201.2 | -39.3 | 240.5 | 98.2 | 49.1 | 49.1 | -1.6 | -2.8 | 1.2 | 13.4 | -8.9 | 22.3 | |||
| Debt instruments | 79.5 | -74.6 | 154.2 | 14.7 | -96.7 | 111.3 | 21.0 | -26.8 | 47.8 | -48.8 | -50.8 | 1.9 | |||
| Bonds and notes | 66.7 | -71.2 | 137.9 | 99.5 | -56.0 | 155.5 | 22.3 | -23.1 | 45.5 | -25.6 | -26.2 | 0.5 | |||
| Money market instruments | 12.8 | -3.4 | 16.3 | -84.9 | -40.7 | -44.2 | -1.3 | -3.6 | 2.3 | -23.2 | -24.6 | 1.4 | |||
| MEMO ITEM: COMBINED DIRECT AND PORTFOLIO INVESTMENT | 168.9 | -453.8 | 622.7 | -23.6 | -338.0 | 314.3 | 16.0 | -44.1 | 60.1 | -53.8 | -85.2 | 31.4 | |||
| FINANCIAL DERIVATIVES (NET) | 17.5 | -24.4 | 4.9 | -4.8 | |||||||||||
| OTHER INVESTMENT | -183.9 | -164.3 | -19.6 | 20.1 | -118.9 | 139.1 | -18.9 | -21.2 | 2.3 | 38.5 | -7.7 | 46.1 | |||
| Eurosystem | 15.9 | -7.8 | 23.8 | 59.5 | 5.8 | 53.7 | -0.1 | -0.1 | 0.1 | -34.1 | 1.5 | -35.6 | |||
| General government | 49.5 | -39.0 | 88.5 | 51.8 | 0.1 | 51.7 | 6.2 | 8.3 | -2.1 | 3.1 | 0.6 | 2.4 | |||
| of which: currency and deposits | -4.3 | -4.3 | -8.4 | -8.4 | 6.4 | 6.4 | -0.0 | -0.0 | |||||||
| MFIs (excluding the Eurosystem) | -194.4 | -16.3 | -178.2 | -45.5 | -4.7 | -40.8 | -18.3 | -12.0 | -6.2 | 84.9 | -0.2 | 85.1 | |||
| Long-term | 76.7 | 34.0 | 42.7 | -40.8 | -17.9 | -22.9 | 0.8 | -0.5 | 1.3 | -9.4 | -8.2 | -1.2 | |||
| Short-term | -271.1 | -50.3 | -220.8 | -4.7 | 13.2 | -17.9 | -19.0 | -11.5 | -7.5 | 94.3 | 8.0 | 86.3 | |||
| Other sectors | -55.0 | -101.3 | 46.3 | -45.6 | -120.1 | 74.5 | -6.8 | -17.3 | 10.5 | -15.4 | -9.6 | -5.8 | |||
| of which: currency and deposits | -45.7 | -45.7 | -54.2 | -54.2 | -4.6 | -4.6 | -4.8 | -4.8 | |||||||
| RESERVE ASSETS | -17.5 | -17.5 | 0.3 | 0.3 | -1.8 | -1.8 | 1.1 | 1.1 | |||||||
| Errors and omissions | 22.9 | 7.2 | 3.8 | 11.1 | |||||||||||