vendredi 20 mars 2015
Euro area monthly balance of payments (January 2015)
Posted on 03:37 by nice news
The current account of the euro area recorded a surplus of €29.4 billion in January 2015 (see Table 1). This reflected surpluses for goods (€25.2 billion), services (€4.4 billion) and primary income (€11.5 billion), which were partly offset by a deficit for secondary income (€11.6 billion).
The 12-month cumulated current account for the period ending in January 2015 recorded a surplus of €247.2 billion (2.4% of euro area GDP), compared with that of €200.7 billion (2.0% of euro area GDP) for the 12 months to January 2014 (see Table 1 and Chart 1). The increase in the current account surplus was due mainly to increases in the surpluses for goods (from €223.7 billion to €250.9 billion), services (from €69.5 billion to €75.4 billion) and primary income (from €48.6 billion to €62.3 billion), whereas the deficit for secondary income remained broadly unchanged (at €141.3 billion, compared to €141.0 billion).
Financial account
In the financial account (see Table 2), in January 2015 combined direct and portfolio investment recorded an increase of €26 billion in assets and of €51 billion in liabilities.
Euro area residents recorded an increase of €12 billion in direct investment assets, which was due to an increase in equity (€18 billion) that was partially offset by a decrease in debt instruments (€6 billion). Direct investment liabilities increased as well, by €7 billion, owing to an increase in equity (€10 billion), which was partially compensated for by a decrease in debt instruments (€3 billion). As regards portfolio investment assets, euro area residents made net acquisitions of foreign securities for a total amount of €14 billion, owing to an increase in long-term debt securities (€39 billion) that was counterbalanced by a decrease in short-term debt securities (€19 billion) and equity (€6 billion). Regarding euro area portfolio investment liabilities, non-euro area residents made net acquisitions of euro
The 12-month cumulated current account for the period ending in January 2015 recorded a surplus of €247.2 billion (2.4% of euro area GDP), compared with that of €200.7 billion (2.0% of euro area GDP) for the 12 months to January 2014 (see Table 1 and Chart 1). The increase in the current account surplus was due mainly to increases in the surpluses for goods (from €223.7 billion to €250.9 billion), services (from €69.5 billion to €75.4 billion) and primary income (from €48.6 billion to €62.3 billion), whereas the deficit for secondary income remained broadly unchanged (at €141.3 billion, compared to €141.0 billion).
Financial account
In the financial account (see Table 2), in January 2015 combined direct and portfolio investment recorded an increase of €26 billion in assets and of €51 billion in liabilities.
Euro area residents recorded an increase of €12 billion in direct investment assets, which was due to an increase in equity (€18 billion) that was partially offset by a decrease in debt instruments (€6 billion). Direct investment liabilities increased as well, by €7 billion, owing to an increase in equity (€10 billion), which was partially compensated for by a decrease in debt instruments (€3 billion). As regards portfolio investment assets, euro area residents made net acquisitions of foreign securities for a total amount of €14 billion, owing to an increase in long-term debt securities (€39 billion) that was counterbalanced by a decrease in short-term debt securities (€19 billion) and equity (€6 billion). Regarding euro area portfolio investment liabilities, non-euro area residents made net acquisitions of euro
Euro area monthly balance of payments (January 2015)
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