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Statistical Press Release – Non-financial sector indebtedness - June 2019

Today, Banco de Portugal publishes statistics, in Table A.20 of the Statistical Bulletin and in BPstat, on non-financial sector indebtedness for June 2019.

These figures incorporate the revision of the public debt series stemming from changes to the methodology for recording the capitalised interest on savings certificates, as explained in the Statistical Press Release on public debt statistics released on 5 August 2019. This led to an upward revision in non-financial sector indebtedness, but has not impacted on its variation.

At the end of the first half of 2019, non-financial sector indebtedness stood at €730.0 billion, of which €328.9 billion referred to the public sector and €401.1 billion to the private sector.

Compared to the end of 2018, non-financial sector indebtedness went up by €8.6 billion. This was due to a €7.2 billion increase in public sector indebtedness and a €1.5 billion increase in private sector indebtedness (Chart 1).

The increase in public sector indebtedness resulted mainly from a rise in financing from general government and the non-resident sector, which was partly offset by a decline in financing from the financial sector (Chart 2). 

Developments in private sector indebtedness mostly stemmed from a €1.4 billion increase in corporate indebtedness, which reflected the rise in indebtedness vis-à-vis the financial sector and external indebtedness, which was partly offset by a decrease in indebtedness vis-à-vis corporations and private individuals.

Next update: 19 Sep. 2019