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Financial accounts of the non-financial sectors 2018Q2

Published on 10/19/2018
NON-FINANCIAL CORPORATIONS
Years Quarters (SA)
2016 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018
Financial investment (a) 51.3 56.8 21.7 8.2 27.9 -16.8
- Currency and deposits 39.7 53.7 13.8 14.7 -0.6 13.7
- Securities -3.9 4.9 10.2 -12.1 5.7 -17.4
debt securities 4.1 7.9 -0.4 0.6 0.3 5.6
money market fund shares -11.1 -18.3 8.9 -15.0 6.8 -18.4
non-MMF invesment fund shares 3.0 15.3 1.7 2.3 -1.4 -4.6
- Other net financial assets (b) 15.6 -1.9 -2.3 5.6 22.8 -13.1
Financing 98.2 89.2 30.7 10.0 27.8 -16.7
- MFI loans 61.9 57.0 19.6 21.5 10.7 9.5
- Debt securities 41.8 24.2 4.1 0.5 14.5 9.0
- Shares and net equities (c) -5.5 7.9 7.0 -12.0 2.6 -35.2
The financial investments of non-financial corporations (NFC) and their debt transactions decrease in 2018 Q2. Regarding investments, they sell money market fund shares and reduce cross-border loans. At the same time, their deposits increase. Net flow of shares and equities is negative as NFCs increase significantly their direct investments abroad.
Flows of financial investment and financing (SA)
EUR billions

GENERAL GOVERNMENT
Year Quaters (SA)
2016 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018
Financial investment (a) -0.6 11.0 11.0 -32.3 18.4 -8.5
- Currency and deposits -3.5 17.8 12.7 -29.3 11.5 -5.8
- Securities 2.9 -6.8 -1.8 -3.1 6.9 -2.7
debt securities -5.3 -9.0 -2.9 -4.6 4.1 -1.2
equities 3.6 -1.0 0.2 -0.3 1.0 -1.6
invesment fund shares 4.6 3.2 0.9 1.9 1.8 0.2
Financing 55.7 70.4 14.9 4.5 13.2 -0.4
- Deposits -0.6 3.2 1.0 -2.6 6.1 0.6
- MFI loans -5.1 -4.5 -1.3 -1.7 3.6 -0.5
- Debt securities 61.3 71.7 15.2 8.8 3.5 -0.5
In the second quarter of 2018, the financial investments of the general government decline. It reduces its deposits and securities assets. The net debt flows are close to zero, due to a decline in long-term debt flows (-€15 billion).
Flows of financing investment and financing (SA)
EUR billions
HOUSEHOLDS
Years Quarters (SA)
2016 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018
Financial investment (a) 117.5 102.6 26.8 21.0 15.8 22.9
- Currency and deposits 56.2 66.5 12.5 14.0 15.9 23.1
of which transferable deposits 33.0 38.6 5.1 8.0 9.5 12.3
passbook savings 4.2 21.8 5.5 3.4 6.0 6.0
home saving plans 18.1 11.4 2.8 2.8 0.4 1.9
- Securities 20.9 0.9 -0.2 -1.1 -8.7 -12.8
debt securities -1.1 -6.2 -0.8 -2.3 -1.6 -2.1
listed shares -8.5 -4.0 -0.5 1.0 -0.2 -7.9
unlisted shares and other equities 50.5 13.7 3.7 4.1 5.5 1.1
money market fund shares -3.1 -1.8 -0.2 0.8 -2.4 0.5
non-MMF invesment fund shares (domestic plus rest of the world) -16.9 -0.8 -2.4 -4.7 -10.0 -4.4
- Life insurance contracts 40.4 35.2 14.5 8.1 8.6 12.6
of which non-unit linked contracts 27.4 15.3 9.8 3.3 1.5 6.4
Financing 53.6 75.3 16.4 20.4 17.0 17.7
- MFI Loans 53.6 75.3 16.4 20.4 17.0 17.7
In the second quarter of 2018, households amass more deposits and life insurance assets than in the prior quarter. They reduce their securities portfolios, notably in listed shares. In the same time, bank loans are almost stable.
Flows of financial investment and financing (SA)
EUR billions
Source and compilation: Direction Générale des Statistiques
More information on : methodology, time series, calendar
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STAT INFO - 2nd quarter 2018
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Financial accounts of the non-financial sectors
  • Published on 10/19/2018
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Published on Friday, October 19, 2018