Euro Area Securities Issues Statistics: February 2017

Transcription

1 PRESS RELEASE 1 April 17 Euro Area Securities Issues Statistics: February 17 The annual growth rate of the outstanding amount of debt securities issued by euro area residents increased from.7% in January 17 to 1.1% in February. For the outstanding amount of listed shares issued by euro area residents, the annual growth rate was.7% in February 17, compared with.6% in January. The annual growth rate of debt securities issued by euro area non-financial corporations further increased to 9.8%, from 8.9% in January 17. Debt securities New issuance of debt securities by euro area residents totalled EUR billion in February 17. Redemptions amounted to EUR 57.9 billion and net issues to EUR 17.8 billion. The annual growth rate of outstanding debt securities issued by euro area residents increased from.7% in January 17 to 1.1% in February. Annual growth rates of debt securities and listed shares issued by euro area residents, by sector (percentage changes) Debt securities Listed shares European Central Bank Directorate General Communications Global Media Relations Division, Sonnemannstrasse, 6314 Frankfurt am Main, Germany Tel.: , media@ecb.europa.eu, website: Reproduction is permitted provided that the source is acknowledged.

2 PRESS RELEASE / 1 April 17 Euro Area Securities Issues Statistics: February 17 Breakdown by maturity The annual rate of change of outstanding short-term debt securities was -.1% in February 17, compared with -.% in January. For long-term debt securities, the annual growth rate increased from.8% in January 17 to 1.% in February. The annual growth rate of outstanding fixed rate long-term debt securities increased from.4% in January 17 to.7% in February. The annual rate of change of outstanding variable rate long-term debt securities was -4.9% in February 17, compared with -5.9% in January. Breakdown by sector As regards the sectoral breakdown, the annual growth rate of outstanding debt securities issued by non-financial corporations increased from 8.9% in January 17 to 9.8% in February. For the monetary financial institutions (MFIs) sector, this rate of change was -1.6% in February 17, compared with -.% in January. The annual rate of change of outstanding debt securities issued by financial corporations other than MFIs increased from -1.% in January 17 to.7% in February. For the general government, this growth rate decreased from 1.9% in January 17 to 1.5% in February. The annual growth rate of outstanding short-term debt securities issued by MFIs decreased from 5.4% in January 17 to 5.1% in February. The annual rate of change of outstanding long-term debt securities issued by MFIs was -.5% in February 17, compared with -3.% in January. Breakdown by currency Concerning the currency breakdown, the annual growth rate of outstanding euro-denominated debt securities was.8% in February 17, compared with.6% in January. For debt securities in other currencies, this growth rate increased from 1.6% in January 17 to 3.% in February. Listed shares New issuance of listed shares by euro area residents totalled EUR 15.3 billion in February 17. Redemptions came to EUR 1.7 billion and net issues amounted to EUR 13.6 billion. The annual growth rate of the outstanding amount of listed shares issued by euro area residents (excluding valuation changes) was.7% in February 17, compared with.6% in January. The annual growth rate of listed shares issued by non-financial corporations was.3% in February 17, compared with.4% in January. For MFIs, the corresponding growth rate increased from 1.5% in January 17 to 4.1% in February. For financial corporations other than MFIs, this growth rate was 1.1% in February 17, the same as in January. The market value of the outstanding amount of listed shares issued by euro area residents totalled EUR 7,199. billion at the end of February 17. Compared with EUR 6,4.7 billion at the end of February 16, this represents an annual increase of 15.4% in the value of the stock of listed shares in February 17, up from 1.6% in January. European Central Bank Directorate General Communications Global Media Relations Division, Sonnemannstrasse, 6314 Frankfurt am Main, Germany Tel.: , media@ecb.europa.eu, website: Reproduction is permitted provided that the source is acknowledged.

3 PRESS RELEASE / 1 April 17 Euro Area Securities Issues Statistics: February 17 For media queries, please contact Stefan Ruhkamp, tel.: Notes: Unless otherwise indicated, data relate to non-seasonally adjusted statistics. In addition to the developments for February 17, this press 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. Selected statistical data and methodological notes are made available at the statistics section of the ECB's website at and a subset is visually presented in "Our statistics" at data, as well as euro area data in accordance with the composition of the euro area at the time of the reference period, can be downloaded using the ECB's Statistical Data Warehouse (SDW). The tables and charts accompanying this press release are available in the reports section of the SDW ( The next press release on euro area securities issues will be published on 16 May 17. European Central Bank Directorate General Communications Global Media Relations Division, Sonnemannstrasse, 6314 Frankfurt am Main, Germany Tel.: , media@ecb.europa.eu, website: Reproduction is permitted provided that the source is acknowledged.

4 Page last updated on Chart 1: Total gross issuance of debt securities by euro area residents (EUR billions; transactions during the month; nominal values) Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Chart : Total net issuance of debt securities by euro area residents (EUR billions; transactions during the month; nominal values; seasonally adjusted) Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb

5 Page last updated on Chart 3: Annual growth rates of debt securities issued by euro area residents, by original maturity (percentage changes) 3 total long-term fixed rate long-term variable rate short-term Sep Oct Nov Dec Jan Feb Chart 4: Annual growth rates of debt securities issued by euro area residents, by sector (percentage changes) 35 general government monetary financial institutions non-financial corporations financial corporations other than MFIs Sep Oct Nov Dec Jan Feb 16 17

6 Page last updated on Chart 5: Growth rates of debt securities issued by euro area residents, seasonally adjusted (percentage changes) annual growth rate three-month annualised growth rate Sep Oct Nov Dec Jan Feb Chart 6: Annual growth rates of listed shares issued by euro area residents, by sector (percentage changes) 16 total monetary financial institutions non-financial corporations financial corporations other than MFIs Sep Oct Nov Dec Jan Feb

7 Table 1: Debt securities issued by euro area residents, by currency and original maturity 1) (EUR billions; nominal values) Amounts Net Gross Redemp- Net Amounts Gross Redemp- Net Amounts Gross Redemp- Net outstand- issues issues tions issues 3) outstand- issues tions issues 3) outstand- issues tions issues 3) Annual growth rates of outstanding amounts 5) ing ing ing Feb. 16 Mar Feb. 17 4) Jan. 17 Feb Q1 Q Q3 Q4 Sep. Oct. Nov. Dec. Jan. Feb. Total 16, , , in euro 14, , , in other currencies, , , Short-term 1, , , in euro in other currencies Long-term ) 15, , , in euro 13, , , in other currencies, , , fixed rate 11, , , in euro 9, , , in other currencies 1, , , variable rate 3, , , in euro, , , in other currencies ) "Short-term" debt securities comprise securities that have an original maturity of one year or less, even if they are issued under longer-term facilities. Debt securities with a longer original maturity, with optional maturity dates, the latest is more than one year away, the latest is more than one year away, or with indefinite maturity dates are classified as "long-term". ) The residual difference between total long-term debt securities and fixed and variable rate long-term debt securities consists of zero coupon bonds and revaluation effects. 3) As a full breakdown of net issues into gross issues and redemptions may not always be available, the difference between aggregated gross issues and redemptions may deviate from the aggregated net issues. 4) Monthly averages of the transactions during this period. 5) Annual growth rates are based on financial transactions that occur when an institutional unit incurs or redeems liabilities. The annual growth rates therefore exclude the impact of reclassifications, revaluations, exchange rate variations and any other changes which do not arise from transactions. 1

8 Table : Debt securities issued by euro area residents in all currencies, by issuing sector 1) and maturity ) (EUR billions; nominal values) Amounts Net Gross Redemp- Net Amounts Gross Redemp- Net Amounts Gross Redemp- Net outstand- issues issues tions issues 3) outstand- issues tions issues 3) outstand- issues tions issues 3) Annual growth rates of outstanding amounts 5) ing ing ing Feb. 16 Mar Feb. 17 4) Jan. 17 Feb Q1 Q Q3 Q4 Sep. Oct. Nov. Dec. Jan. Feb. Total 16, , , MFIs 4, , , Short-term Long-term 3, , , Fixed rate, , , Variable rate 1, Non-MFI corporations 4, , , Financial corporations other than MFIs 3, , , Short-term Long-term 3, , , Fixed rate 1, , , Variable rate 1, , , Non-financial corporations 1, , , Short-term Long-term 1, , , Fixed rate , , Variable rate General government 7, , , Central government 7, , , Short-term Long-term 6, , , Fixed rate 5, , , Variable rate Other general government Short-term Long-term Fixed rate Variable rate ) Corresponding ESA 1 sector codes: "MFIs" (including the Eurosystem) comprises the ECB and the national central banks of the euro area (S.11), as well as deposit-taking corporations except the central bank (S.1); "financial corporations other than MFIs" comprises other financial intermediaries, except insurance corporations and pension funds (S.15), financial auxiliaries (S.16), captive financial institutions and money lenders (S.17) and insurance corporations (S.18); "non-financial corporations" (S.11); "central government" (S.1311); "other general government" comprises state government (S.131), local government (S.1313) and social security funds (S.1314). ) The residual difference between total long-term debt securities and fixed and variable rate long-term debt securities consists of zero coupon bonds and revaluation effects. 3) As a full breakdown of net issues into gross issues and redemptions may not always be available, the difference between aggregated gross issues and redemptions may deviate from the aggregated net issues. 4) Monthly averages of the transactions during this period. 5) Annual growth rates are based on financial transactions that occur when an institutional unit incurs or redeems liabilities. The annual growth rates therefore exclude the impact of reclassifications, revaluations, exchange rate variations and any other changes which do not arise from transactions.

9 Table 3: Debt securities issued by euro area residents in all currencies, by issuing sector 1) and maturity, seasonally adjusted (EUR billions; nominal values) Amounts Net issues Three-month annualised growth rates of outstanding amounts ) outstanding Feb. 17 Feb. 16 Nov. 16 Dec. 16 Jan. 17 Feb Mar. Apr. May June July Aug. Sep. Oct. Nov. Dec. Jan. Feb. Total 16, Short-term 1, Long-term 15, MFIs 4, Short-term Long-term 3, Non-MFI corporations 4, Financial corporations other than MFIs 3, Short-term Long-term 3, Non-financial corporations 1, Short-term Long-term 1, General government 7, Central government 7, Short-term Long-term 6, Other general government Short-term Long-term ) Corresponding ESA 1 sector codes: "MFIs" (including the Eurosystem) comprises the ECB and the national central banks of the euro area (S.11), as well as deposit-taking corporations except the central bank (S.1); "financial corporations other than MFIs" comprises other financial intermediaries, except insurance corporations and pension funds (S.15), financial auxiliaries (S.16), captive financial institutions and money lenders (S.17) and insurance corporations (S.18); "non-financial corporations" (S.11); "central government" (S.1311); "other general government" comprises state government (S.131), local government (S.1313) and social security funds (S.1314). ) Three-month annualised growth rates are based on financial transactions that occur when an institutional unit incurs or redeems liabilities. The three-month annualised growth rates therefore exclude the impact of reclassifications, revaluations, exchange rate variations and any other changes which do not arise from transactions. The rates are annualised to allow direct comparisons with annual rates (please note that the non-adjusted rates presented in Table are almost identical to seasonally adjusted annual rates). 3

10 Table 4: Listed shares issued by euro area residents, by issuing sector 1) (EUR billions; market values) Amounts Net Gross Redemp- Net Amounts Gross Redemp- Net Annual Amounts Gross Redemp- Net Annual outstand- issues issues tions issues outstand- issues tions issues percentage outstand- issues tions issues percentage ing ing change in ing change in market market Annual growth rates of outstanding amounts 4) capitali- capitalisation 3) sation 3) Feb. 16 Mar Feb. 17 ) Jan. 17 Feb Q1 Q Q3 Q4 Sep. Oct. Nov. Dec. Jan. Feb. Total 6, , , MFIs Non-MFI corporations 5, , , Financial corporations other than MFIs , , Non-financial corporations 4, , , ) Corresponding ESA 1 sector codes: "MFIs" (including the Eurosystem) comprises the ECB and the national central banks of the euro area (S.11), as well as deposit-taking corporations except the central bank (S.1); "financial corporations other than MFIs" comprises other financial intermediaries, except insurance corporations and pension funds (S.15), financial auxiliaries (S.16), captive financial institutions and money lenders (S.17) and insurance corporations (S.18); "non-financial corporations" (S.11). ) Monthly averages of the transactions during this period. 3) Percentage change between the amount outstanding at the end of the month and the amount outstanding 1 months earlier. 4) Annual growth rates are based on transactions that occur during the period and therefore exclude reclassifications and any other changes which do not arise from transactions. 4