Pas disponible en français
Table 2: Monthly balance of payments of the euro area – non-seasonally adjusted data ( 1 )
(EUR billions)
| May 2003 | April 2003 (revised) | Monthly average, previous six months | 12-month cumulated figures ending | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| November – April 2003 | May 2003 | May 2002 | |||||||||||||
| Credit | Debit | Net | Credit | Debit | Net | Credit | Debit | Net | Credit | Debit | Net | Credit | Debit | Net | |
| Source: ECB. | |||||||||||||||
| ( 1 ) Figures may not add up due to rounding. | |||||||||||||||
| ( 2 ) Financial account: inflows (+); outflows (-). Reserve assets: increase (-); decrease (+). | |||||||||||||||
| ( 3 ) Direct investment: assets refer to direct investment abroad and liabilities to direct investment in the euro area. | |||||||||||||||
| CURRENT ACCOUNT | 135.5 | 135.9 | −0.4 | 138.8 | 147.4 | −8.6 | 140.0 | 138.0 | 2.0 | 1698.6 | 1652.1 | 46.5 | 1704.7 | 1689.6 | 15.1 |
| Goods | 84.3 | 76.0 | 8.3 | 86.3 | 78.9 | 7.4 | 85.9 | 78.0 | 7.8 | 1050.2 | 930.5 | 119.8 | 1038.4 | 931.9 | 106.5 |
| Services | 26.1 | 24.6 | 1.5 | 26.4 | 25.7 | 0.8 | 26.3 | 25.5 | 0.8 | 331.6 | 315.1 | 16.5 | 327.9 | 328.1 | −0.1 |
| Income | 20.0 | 24.6 | −4.6 | 21.3 | 31.8 | −10.5 | 19.2 | 23.0 | −3.8 | 231.5 | 274.3 | −42.7 | 261.4 | 301.0 | −39.6 |
| Current transfers | 5.1 | 10.7 | −5.6 | 4.7 | 11.0 | −6.3 | 8.7 | 11.5 | −2.8 | 85.2 | 132.2 | −47.0 | 77.0 | 128.6 | −51.7 |
| CAPITAL ACCOUNT | 1.4 | 1.0 | 0.4 | 0.5 | 0.4 | 0.1 | 1.5 | 0.9 | 0.5 | 18.0 | 9.5 | 8.5 | 16.5 | 7.7 | 8.8 |
| Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | Assets | Liabilities | Balance | |
| FINANCIAL ACCOUNT ( 2 ) | −31.0 | 7.8 | −9.9 | −198.0 | −74.5 | ||||||||||
| DIRECT INVESTMENT ( 3 ) | −1.2 | 0.9 | −0.3 | −22.8 | 2.6 | −20.2 | −13.2 | 10.2 | −3.0 | −147.0 | 91.7 | −55.4 | −193.4 | 173.7 | −19.7 |
| Equity capital and reinvested earnings | −3.8 | −0.6 | −4.5 | −7.0 | 1.4 | −5.5 | −8.2 | 8.2 | 0.0 | −111.9 | 73.0 | −38.9 | −133.0 | 90.5 | −42.4 |
| Other capital (mostly inter−company loans) | 2.6 | 1.5 | 4.1 | −15.8 | 1.2 | −14.6 | −5.1 | 2.0 | −3.0 | −35.2 | 18.7 | −16.5 | −60.5 | 83.2 | 22.8 |
| PORTFOLIO INVESTMENT | −30.4 | 37.5 | 7.0 | −12.1 | 21.4 | 9.3 | −15.1 | 18.8 | 3.7 | −154.1 | 267.1 | 113.0 | −262.6 | 377.2 | 114.6 |
| Equity | −5.8 | −7.9 | −13.7 | −3.0 | 10.2 | 7.1 | 0.0 | 4.7 | 4.7 | 0.2 | 26.6 | 26.8 | −80.2 | 214.4 | 134.2 |
| Debt instruments | −24.6 | 45.4 | 20.7 | −9.1 | 11.2 | 2.1 | −15.1 | 14.2 | −0.9 | −154.3 | 240.5 | 86.1 | −182.4 | 162.8 | −19.6 |
| Bonds and notes | −18.8 | 46.0 | 27.3 | −16.1 | 0.5 | −15.6 | −13.2 | 11.9 | −1.3 | −119.9 | 184.7 | 64.8 | −132.3 | 135.5 | 3.3 |
| Money market instruments | −5.9 | −0.7 | −6.5 | 7.1 | 10.7 | 17.8 | −1.9 | 2.3 | 0.3 | −34.4 | 55.8 | 21.4 | −50.1 | 27.3 | −22.8 |
| MEMO ITEM: COMBINED DIRECT AND PORTFOLIO INVESTMENT | −31.6 | 38.3 | 6.7 | −34.9 | 24.0 | −10.9 | −28.3 | 29.1 | 0.7 | −301.1 | 358.7 | 57.6 | −456.0 | 550.9 | 94.9 |
| FINANCIAL DERIVATIVES (NET) | 0.6 | −4.6 | −1.4 | −20.0 | −17.4 | ||||||||||
| OTHER INVESTMENT | −48.4 | 8.7 | −39.7 | −40.3 | 63.2 | 22.9 | −29.5 | 18.9 | −10.6 | −328.9 | 88.8 | −240.0 | −215.0 | 50.8 | −164.2 |
| Eurosystem | 0.7 | 0.9 | 1.6 | 0.0 | −0.3 | −0.2 | −0.1 | −0.3 | −0.5 | −0.1 | −0.1 | −0.2 | −0.6 | 3.4 | 2.8 |
| General government | −3.1 | 1.1 | −2.0 | 1.1 | 2.7 | 3.7 | 0.0 | −1.4 | −1.3 | −4.6 | −10.5 | −15.1 | 0.9 | 3.4 | 4.2 |
| MFIs (excluding the Eurosystem) | −36.3 | 4.8 | −31.5 | −32.6 | 55.8 | 23.2 | −20.7 | 15.4 | −5.3 | −225.8 | 58.6 | −167.2 | −176.1 | 32.3 | −143.9 |
| long−term | −2.0 | 2.7 | 0.7 | −3.4 | 2.9 | −0.5 | −4.9 | 3.2 | −1.7 | −37.8 | 38.9 | 1.2 | −41.1 | 40.9 | −0.2 |
| short−term | −34.3 | 2.1 | −32.2 | −29.2 | 53.0 | 23.8 | −15.8 | 12.2 | −3.6 | −188.1 | 19.7 | −168.4 | −135.0 | −8.6 | −143.6 |
| Other sectors | −9.6 | 2.0 | −7.7 | −8.8 | 4.9 | −3.9 | −8.7 | 5.1 | −3.5 | −98.3 | 40.8 | −57.5 | −39.1 | 11.7 | −27.4 |
| RESERVE ASSETS | 1.4 | 1.4 | 0.5 | 0.5 | 1.5 | 1.5 | 4.4 | 4.4 | 12.1 | 12.1 | |||||
| Errors and omissions | 31.0 | 0.7 | 7.3 | 143.0 | 50.6 | ||||||||||