The FINANCIAL — The annual growth rate of the outstanding amount of debt securities issued by euro area residents was 3.4% in October 2011, compared with 3.3% in September.
For the outstanding amount of quoted shares issued by euro area residents, the annual growth rate decreased from 2.0% in September 2011 to 1.7% in October.
New issuance of debt securities by euro area residents totalled EUR 1,082 billion in October 2011. Redemptions stood at EUR 1,015 billion and net issues amounted to EUR 69 billion.1 The annual growth rate of outstanding debt securities issued by euro area residents was 3.4% in October 2011, compared with 3.3% in September.As regards the sectoral breakdown, the annual growth rate of outstanding debt securities issued by non-financial corporations decreased from 4.8% in September 2011 to 4.5% in October. For the monetary financial institutions sector, this growth rate increased from 2.3% in September 2011 to 2.9% in October.
The annual rate of change of outstanding debt securities issued by financial corporations other than MFIs increased from -0.5% in September 2011 to 0.0% in October. For the general government, this growth rate decreased from 5.9% in September 2011 to 5.4% in October. As regards the maturity breakdown, the annual rate of change of outstanding shortterm debt securities was -2.3% in October 2011, compared with -2.9% in September.
The annual growth rate of outstanding short-term debt securities issued by MFIs increased from 0.2% in September 2011 to 5.3% in October.For long-term debt securities, the annual growth rate was 4.0% in October 2011, the same as in September. The annual growth rate of outstanding long-term debt securities issued by MFIs was 2.5% in October 2011, compared with 2.7% in September. The annual growth rate of outstanding fixed rate long-term debt securities decreased from 6.1% in September 2011 to 5.7% in October. The annual rate of change of outstanding variable rate long-term debt securities was -0.5% in October 2011, compared with -1.4% in September.
Concerning the currency breakdown, the annual growth rate of outstanding eurodenominated deb securities increased from 3.2% in September 2011 to 3.5% in October. For debt securities in other currencies, this growth rate decreased from 4.1% in September 2011 to 2.7% in October.
The seasonally adjusted three-month annualised growth rate of outstanding debt securities issued by euro area residents increased from 3.2% in September 2011 to 4.4% in October.New issuance of quoted shares by euro area residents totalled EUR 3.1 billion in October 2011.
Redemptions came to EUR 0.4 billion and net issues amounted to EUR 2.8 billion. The annual growth rate of the outstanding amount of quoted shares issued by euro area residents decreased from 2.0% in September 2011 to 1.7% in October. The annual growth rate of quoted shares issued by non-financial corporations was 0.3% in October 2011, the same as in September. For MFIs, the corresponding growth rate decreased from 13.1% in September 2011 to 10.2% in October. For financial corporations other than MFIs, this growth rate was 5.8% in October 2011, the same as in September.
The outstanding amount of quoted shares issued by euro area residents totalled EUR 4,044 billion at the end of October 2011. Compared with EUR 4,531 billion at the end of October 2010, this represents an annual rate of change of -10.7% in the value of the stock of quoted shares in October 2011, after -13.7% in September.Unless otherwise indicated, data relate to non-seasonally adjusted statistics. In addition to the developments for October 2011, 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.
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.
Data for the period up to October 2011 will also be published in the January 2012 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 January 2012.
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