Euro area securities issues statistics: January 2022

10 March 2022

• The annual growth rate of the outstanding amount of debt securities issued by euro area residents was 4.9% in January 2022, compared with 5.0% in December 2021.
• For the outstanding amount of listed shares issued by euro area residents, the annual growth rate was 1.7% in January 2022, compared with 1.9% in December 2021.

Debt securities

New issuances of debt securities by euro area residents totalled EUR 796.4 billion in January 2022. Redemptions amounted to EUR 667.4 billion and hence net issues to EUR 129.0 billion. The annual growth rate of outstanding debt securities issued by euro area residents was 4.9% in January 2022, compared with 5.0% in December 2021.

Data for debt securities

Breakdown by maturity

The annual rate of change of outstanding short-term debt securities decreased from -6.9% in December 2021 to -8.7% in January 2022. For long-term debt securities, the annual growth rate was 6.2% in January 2022, compared with 6.1% in December 2021. The annual growth rate of outstanding fixed rate long-term debt securities was 6.6% in January 2022, unchanged from December 2021. The annual growth rate of outstanding variable rate long-term debt securities increased from 3.4% in December 2021 to 3.7% in January 2022.

Data for breakdown by maturity

Breakdown by sector

As regards the sectoral breakdown, the annual growth rate of outstanding debt securities issued by non-financial corporations was 5.0% in January 2022, compared with 5.1% in December 2021. For the monetary financial institutions (MFIs) sector, this growth rate was 2.1% in January 2022, compared with 2.2% in December 2021. The annual growth rate of outstanding debt securities issued by financial corporations other than MFIs increased from 6.6% in December 2021 to 7.7% in January 2022. For the general government, this growth rate decreased from 5.8% in December 2021 to 5.2% in January 2022.

The annual rate of change of outstanding short-term debt securities issued by MFIs decreased from -3.4% in December 2021 to -7.0% in January 2022. The annual growth rate of outstanding long-term debt securities issued by MFIs increased from 2.9% in December 2021 to 3.3% in January 2022.

Data for breakdown by sector

Breakdown by currency

Concerning the currency breakdown, the annual growth rate of outstanding euro-denominated debt securities was 5.7% in January 2022, compared with 5.8% in December 2021. For debt securities denominated in other currencies, this rate of change decreased from 0.3% in December 2021 to -0.1% in January 2022.

Data for breakdown by currency

Listed shares

New issuances of listed shares by euro area residents totalled EUR 2.2 billion in January 2022. Redemptions amounted to EUR 2.2 billion and hence net issues were equal to EUR 0.0 billion. The annual growth rate of the outstanding amount of listed shares issued by euro area residents (excluding valuation changes) was 1.7% in January 2022, compared with 1.9% in December 2021. The annual growth rate of listed shares issued by non-financial corporations was 1.2% in January 2022, compared with 1.1% in December 2021. For MFIs, the corresponding growth rate was 1.6% in January 2022, compared with 1.7% in December 2021. For financial corporations other than MFIs, this growth rate decreased from 5.8% in December 2021 to 4.3% in January 2022.

The market value of the outstanding amount of listed shares issued by euro area residents totalled EUR 9,914.5 billion at the end of January 2022. Compared with EUR 8,339.0 billion at the end of January 2021, this represents an annual increase of 18.9% in the value of the stock of listed shares in January 2022, down from 22.3% in December 2021.

Data for listed shares

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Notes:

• Unless otherwise indicated, data relate to non-seasonally adjusted statistics. In addition to the developments for January 2022, this statistical release incorporates minor revisions to the data for previous periods. The annual growth rates are based on financial transactions that occur when an institutional unit incurs or redeems liabilities, they are not affected by the impact of any other changes which do not arise from transactions.
• Hyperlinks in the main body of the statistical release and in annex tables lead to data that may change with subsequent releases as a result of revisions. Figures shown in annex tables are a snapshot of the data as at the time of the current release.
• The next statistical release on euro area securities issues will be published on 12 April 2022.