In May 2019 non-financial sector indebtedness stood at €729.6 billion, of which €328.5 billion referred to the public sector and €401.1 billion to the private sector. 

Compared to April 2019, non-financial sector indebtedness went up by €3.4 billion. This was due to an increase of €2.5 billion in public sector indebtedness and €0.9 billion in private sector indebtedness (Chart 1).

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

As regards the private sector, corporate indebtedness vis-à-vis the financial sector increased (€0.5 billion) as well as external indebtedness (€0.3 billion). Household indebtedness vis-à-vis the financial sector rose by €0.1 billion.