Euro area securities issues statistics: September 2013

Frankfurt am Main, (PresseBox) - The annual rate of change of the outstanding amount of debt securities issued by euro area residents was -0.5% in September 2013, compared with -0.7% in August. For the outstanding amount of quoted shares issued by euro area residents, the annual growth rate was 1.0% in September 2013, compared with 1.1% in August.

New issuance of debt securities by euro area residents totalled EUR 662 billion in September 2013. Redemptions stood at EUR 673 billion and net redemptions amounted to EUR 2 billion.[1] The annual rate of change of outstanding debt securities issued by euro area residents was - 0.5% in September 2013, compared with -0.7% in August (see Table 1 and Charts 1 and 3).

The annual rate of change of outstanding short-term debt securities was -8.7% in September 2013, compared with -10.0% in August. For long-term debt securities, the annual growth rate was 0.3% in September 2013, the same as in August. The annual growth rate of outstanding fixed rate long-term debt securities decreased from 3.0% in August 2013 to 2.7% in September.

The annual rate of change of outstanding variable rate long-term debt securities was -7.2% in September 2013, compared with -8.1% in August (see Table 1 and Chart 3).

As regards the sectoral breakdown, the annual growth rate of outstanding debt securities issued by non-financial corporations decreased from 10.2% in August 2013 to 9.5% in September. For the monetary financial institutions (MFIs) sector, this rate of change was -9.0% in September 2013, compared with -9.2% in August. The annual growth rate of outstanding debt securities issued by financial corporations other than MFIs increased from 2.0% in August 2013 to 2.6% in September. For the general government, this growth rate was 3.3% in September 2013, compared with 3.4% in August (see Table 2 and Chart 4).

The annual rate of change of outstanding short-term debt securities issued by MFIs was -19.4% in September 2013, compared with -20.8% in August. The annual rate of change of outstanding long-term debt securities issued by MFIs was -7.5% in September 2013, the same as in August (see Table 2).

Concerning the currency breakdown, the annual rate of change of outstanding eurodenominated debt securities was -1.2% in September 2013, compared with -1.3% in August. For debt securities in other currencies, this growth rate increased from 4.0% in August 2013 to 4.7% in September (see Table 1).

New issuance of quoted shares by euro area residents totalled EUR 0.7 billion in September 2013. Redemptions came to EUR 1.7 billion and net redemptions amounted to EUR 0.9 billion. The annual growth rate of the outstanding amount of quoted shares issued by euro area residents (excluding valuation changes) was 1.0% in September 2013, compared with 1.1% in August. The annual growth rate of quoted shares issued by non-financial corporations was 0.3% in September 2013, the same as in August. For MFIs, the corresponding growth rate was 7.8% in September 2013, the same as in August. For financial corporations other than MFIs, this growth rate decreased from 1.2% in August 2013 to 0.7% in September (see Table 4 and Chart 6).

The market value of the outstanding amount of quoted shares issued by euro area residents totalled EUR 5,130 billion at the end of September 2013. Compared with EUR 4,231 billion at the end of September 2012, this represents an annual increase of 21.2% in the value of the stock of quoted shares in September 2013, up from 17.1% in August.

Unless otherwise indicated, data relate to non-seasonally adjusted statistics. In addition to the developments for September 2013, 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.

A complete set of updated securities issues statistics is available on the "Monetary and financial statistics" pages of the Statistics section of the ECB's website http://www.ecb.europa.eu/stats/money/securities/html/index.en.html.

These 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 also available in the reports section of the SDW (http://sdw.ecb.europa.eu/reports.do?node=1000002753).

Data for the period up to September 2013 will also be published in the December 2013 issues of the ECB's Monthly Bulletin and Statistics Pocket Book. The next press release on euro area securities issues will be published on 11 December 2013.

[1] As a full breakdown of net issues into gross issues and redemptions is not available due to missing data, the difference between aggregated gross issues and redemptions may deviate from the aggregated net issues.

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