Statistical Press Release – Non-financial sector indebtedness – August 2020
In August 2020 non-financial sector indebtedness stood at €736.6 billion, of which €334.4 billion referred to the public sector and €402.2 billion to the private sector.
Compared with July 2020, non-financial sector indebtedness increased by €1.7 billion. This was caused by the €2.3 billion raise in public sector indebtedness, partly offset by the €0.6 billion decrease in private sector indebtedness (Chart 1).
The rise in public sector indebtedness was mainly reflected in the increase of financing granted by the financial sector (€1.5 billion) and the external sector (€0.9 billion), partly offset by the reduction of financing granted by the general government (€0.2 billion) (Chart 2).
Regarding private sector indebtedness, corporations’ financing decreased by €0.9 billion. This decline resulted mainly from the decrease in external financing (€0.9 billion). Households’ indebtedness granted by the financial sector increased by €0.3 billion.
Annual rates of change (1)
In August 2020 the annual rate of change (arc) of private corporations’ total indebtedness was 2.4%, 0.4 percentage points (p.p.) less than the previous month. The annual rate of change of total households’ indebtedness increased by 0.2 p.p., standing at 0.8%.
Next update: 19 Nov. 2020
(1) Annual rates of change in indebtedness reflect developments in total debt (including loans, debt securities and trade credits) of the non-financial private sector to the other institutional sectors (information on a consolidated basis). Annual rates of change are calculated on the basis of an index built from derived transactions, i.e. changes in end-of-period positions excluding reclassifications, revaluations, exchange rate variations and other changes that do not arise from financial transactions.