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 2014 (revised) | March 2014 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| March 2013 | March 2014 | ||||||||||||||
| 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 | 164.3 | 3,225.7 | 3,061.4 | 240.7 | 3,256.0 | 3,015.4 | 13.8 | 257.9 | 244.2 | 20.9 | 272.5 | 251.6 | |||
| Goods | 113.5 | 1,922.5 | 1,809.0 | 171.0 | 1,941.9 | 1,770.9 | 15.5 | 157.1 | 141.6 | 18.9 | 166.9 | 148.1 | |||
| Services | 96.8 | 637.8 | 541.0 | 119.2 | 672.5 | 553.3 | 9.0 | 49.7 | 40.7 | 7.2 | 53.3 | 46.2 | |||
| Income | 64.7 | 565.4 | 500.7 | 69.3 | 541.0 | 471.7 | 6.5 | 39.5 | 33.0 | 7.4 | 45.7 | 38.3 | |||
| Current transfers | -110.7 | 100.1 | 210.8 | -118.9 | 100.6 | 219.5 | -17.3 | 11.6 | 28.9 | -12.5 | 6.5 | 19.0 | |||
| CAPITAL ACCOUNT | 15.3 | 31.9 | 16.6 | 23.6 | 34.2 | 10.6 | 2.7 | 3.3 | 0.6 | 1.9 | 3.0 | 1.1 | |||
| Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | ||||
| FINANCIALACCOUNT1) | -202.7 | -265.2 | -12.2 | -24.6 | |||||||||||
| DIRECTINVESTMENT2) | -76.8 | -363.2 | 286.4 | -0.1 | -250.3 | 250.2 | 30.8 | 46.5 | -15.7 | -22.2 | 0.1 | -22.2 | |||
| Equity capital and reinvested earnings | -28.9 | -255.0 | 226.3 | 26.8 | -205.6 | 232.9 | 32.7 | 50.8 | -18.1 | -15.3 | 7.3 | -22.6 | |||
| Other capital (mostly inter-company loans) | -48.3 | -108.3 | 60.1 | -27.4 | -44.7 | 17.3 | -1.9 | -4.3 | 2.4 | -6.8 | -7.2 | 0.4 | |||
| PORTFOLIO INVESTMENT | 162.6 | -179.7 | 342.3 | 141.7 | -189.8 | 331.5 | 26.6 | -14.6 | 41.2 | -7.6 | -13.6 | 6.0 | |||
| Equity | 80.9 | -102.7 | 183.6 | 116.0 | -108.3 | 224.3 | 13.4 | 4.1 | 9.3 | 24.7 | -6.1 | 30.7 | |||
| Debt instruments | 81.7 | -76.9 | 158.7 | 25.7 | -81.5 | 107.2 | 13.2 | -18.7 | 31.9 | -32.2 | -7.6 | -24.7 | |||
| Bonds and notes | 15.9 | -112.5 | 128.4 | 40.2 | -70.2 | 110.4 | 42.4 | -9.7 | 52.1 | -30.8 | -13.6 | -17.2 | |||
| Money market instruments | 65.9 | 35.5 | 30.3 | -14.5 | -11.3 | -3.2 | -29.2 | -9.0 | -20.2 | -1.4 | 6.0 | -7.5 | |||
| MEMO ITEM: COMBINED DIRECT AND PORTFOLIO INVESTMENT | 85.8 | -542.9 | 628.7 | 141.6 | -440.1 | 581.7 | 57.4 | 31.9 | 25.5 | -29.7 | -13.5 | -16.2 | |||
| FINANCIAL DERIVATIVES (NET) | 20.6 | 11.1 | 2.7 | -1.5 | |||||||||||
| OTHER INVESTMENT | -296.4 | 72.6 | -369.0 | -411.8 | -41.6 | -370.1 | -73.1 | -47.3 | -25.8 | 6.5 | 28.8 | -22.3 | |||
| Eurosystem | 64.0 | 3.2 | 60.8 | -60.0 | 19.6 | -79.6 | -13.4 | -0.1 | -13.3 | -6.9 | 3.5 | -10.4 | |||
| General government | -12.6 | -7.0 | -5.6 | -1.6 | 0.1 | -1.7 | -0.2 | -1.5 | 1.2 | -1.0 | -1.0 | 0.0 | |||
| of which: currency and deposits | 0.4 | 0.4 | -8.0 | -8.0 | -4.2 | -4.2 | -1.2 | -1.2 | |||||||
| MFIs (excluding the Eurosystem) | -283.6 | 141.0 | -424.6 | -320.3 | -76.8 | -243.5 | -48.1 | -30.8 | -17.3 | 2.9 | 20.5 | -17.6 | |||
| Long-term | -7.4 | 24.6 | -32.1 | 37.0 | 113.9 | -76.9 | -1.1 | 3.6 | -4.7 | -11.5 | -7.0 | -4.4 | |||
| Short-term | -276.2 | 116.3 | -392.5 | -357.3 | -190.7 | -166.6 | -47.0 | -34.4 | -12.6 | 14.4 | 27.5 | -13.1 | |||
| Other sectors | -64.2 | -64.6 | 0.4 | -29.9 | 15.4 | -45.3 | -11.4 | -14.9 | 3.5 | 11.4 | 5.9 | 5.5 | |||
| of which: currency and deposits | -4.6 | -4.6 | -8.6 | -8.6 | -13.7 | -13.7 | -3.7 | -3.7 | |||||||
| RESERVE ASSETS | -12.8 | -12.8 | -6.2 | -6.2 | 0.8 | 0.8 | 0.1 | 0.1 | |||||||
| Errors and omissions | 23.1 | 0.9 | -4.3 | 1.9 | |||||||||||