Table 2: Monthly balance of payments of the euro area
(EUR billions; transactions, non−seasonally adjusted data)
| Twelve-month cumulated figures ending | July 2005 (revised) | August 2005 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| August 2004 | August 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 | 49.7 | 1,762.1 | 1,712.4 | 4.2 | 1,918.1 | 1,913.9 | 1.3 | 167.2 | 165.9 | -2.9 | 160.0 | 163.0 | |||
| Goods | 117.3 | 1,097.1 | 979.7 | 70.3 | 1,178.3 | 1,108.1 | 9.9 | 103.5 | 93.7 | 1.1 | 97.3 | 96.1 | |||
| Services | 26.4 | 345.5 | 319.1 | 27.5 | 371.7 | 344.2 | 3.8 | 35.3 | 31.5 | 1.8 | 33.7 | 31.9 | |||
| Income | -38.9 | 238.6 | 277.5 | -33.8 | 285.4 | 319.2 | -6.8 | 23.3 | 30.0 | -0.3 | 23.5 | 23.9 | |||
| Current transfers | -55.2 | 80.9 | 136.1 | -59.8 | 82.6 | 142.4 | -5.6 | 5.1 | 10.7 | -5.6 | 5.6 | 11.1 | |||
| CAPITAL ACCOUNT | 18.0 | 24.3 | 6.2 | 13.8 | 22.6 | 8.8 | 0.9 | 1.3 | 0.5 | 0.8 | 1.4 | 0.6 | |||
| Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | ||||
| FINANCIALACCOUNT1) | -3.3 | 57.6 | -1.9 | -1.4 | |||||||||||
| DIRECTINVESTMENT2) | -54.3 | -117.7 | 63.4 | -169.3 | -243.9 | 74.6 | -81.2 | -82.6 | 1.4 | -15.7 | -12.5 | -3.2 | |||
| Equity capital and reinvested earnings | -25.8 | -109.9 | 84.1 | -150.0 | -208.9 | 58.9 | -71.2 | -74.8 | 3.6 | -7.7 | -4.5 | -3.2 | |||
| Other capital (mostly inter-company loans) | -28.4 | -7.8 | -20.7 | -19.3 | -35.0 | 15.7 | -10.0 | -7.8 | -2.2 | -8.0 | -7.9 | -0.0 | |||
| PORTFOLIO INVESTMENT | 24.9 | -301.1 | 326.0 | 242.3 | -349.9 | 592.2 | 75.3 | -34.1 | 109.4 | -16.1 | -36.8 | 20.7 | |||
| Equity | 1.6 | -96.8 | 98.4 | 200.2 | -72.6 | 272.8 | 90.3 | -14.7 | 105.0 | 20.2 | -2.8 | 23.0 | |||
| Debt instruments | 23.3 | -204.3 | 227.6 | 42.1 | -277.3 | 319.4 | -15.0 | -19.4 | 4.4 | -36.3 | -34.0 | -2.3 | |||
| Bonds and notes | 50.3 | -132.4 | 182.7 | 20.3 | -244.5 | 264.8 | -16.5 | -19.1 | 2.6 | -31.6 | -21.7 | -9.9 | |||
| Money market instruments | -27.0 | -71.9 | 44.9 | 21.7 | -32.8 | 54.5 | 1.5 | -0.3 | 1.8 | -4.7 | -12.4 | 7.7 | |||
| MEMO ITEM: COMBINED DIRECT AND PORTFOLIO INVESTMENT | -29.4 | -418.8 | 389.4 | 73.0 | -593.8 | 666.8 | -5.8 | -116.7 | 110.8 | -31.8 | -49.3 | 17.5 | |||
| FINANCIAL DERIVATIVES (NET) | -2.6 | -11.7 | 0.7 | -6.2 | |||||||||||
| OTHER INVESTMENT | 4.7 | -284.6 | 289.3 | -15.8 | -459.1 | 443.2 | 0.8 | -40.4 | 41.2 | 36.6 | 29.0 | 7.5 | |||
| Eurosystem | 1.8 | -1.1 | 3.0 | 10.1 | -0.2 | 10.3 | -1.1 | -0.0 | -1.1 | 1.3 | 0.2 | 1.0 | |||
| General government | -6.7 | -1.1 | -5.6 | 7.3 | 6.5 | 0.9 | 0.2 | -0.6 | 0.8 | 6.9 | 6.3 | 0.6 | |||
| of which: currency and deposits | 2.9 | 2.9 | -4.3 | -4.3 | 8.6 | 8.6 | |||||||||
| MFIs (excluding the Eurosystem) | 15.0 | -243.2 | 258.3 | -3.6 | -346.8 | 343.2 | 7.6 | -34.4 | 42.0 | 25.2 | 24.8 | 0.4 | |||
| long-term | -12.1 | -35.9 | 23.8 | -19.9 | -58.9 | 39.0 | -6.9 | -10.3 | 3.4 | 0.3 | -3.8 | 4.1 | |||
| short-term | 27.1 | -207.3 | 234.5 | 16.3 | -287.9 | 304.2 | 14.5 | -24.1 | 38.6 | 25.0 | 28.6 | -3.6 | |||
| Other sectors | -5.5 | -39.1 | 33.6 | -29.6 | -118.5 | 88.8 | -6.0 | -5.4 | -0.5 | 3.2 | -2.2 | 5.5 | |||
| of which: currency and deposits | -14.1 | -14.1 | -5.5 | -5.5 | -1.8 | -1.8 | |||||||||
| RESERVE ASSETS | 24.1 | 24.1 | 12.1 | 12.1 | 2.4 | 2.4 | -0.1 | -0.1 | |||||||
| Errors and omissions | -64.4 | -75.6 | -0.3 | 3.5 | |||||||||||