Statistical Press Release – Non-financial sector indebtedness – November 2020
End-of-period positions
In November 2020 non-financial sector indebtedness stood at €742.8 billion, of which €338.7 billion referred to the public sector and €404.1 billion to the private sector.
Compared with October 2020, non-financial sector indebtedness increased by €2.1 billion. This was caused by the €1.4 billion raise in public sector indebtedness and by the €0.7 billion increase in private sector indebtedness (Chart 1).
The rise in public sector indebtedness was mainly reflected in the increase of financing granted by the general government (€2.4 billion) and the financial sector (€1.0 billion), partly offset by the reduction of financing granted by the external sector (€2.0 billion) (Chart 2).
Regarding private sector indebtedness, households’ financing from the financial sector increased by €0.4 billion. The corporations’ indebtedness increased by €0.3 billion, mainly through the increase in financing granted by the external sector (€0.4 billion), partly offset by the reduction of financing granted by the financial sector.
Annual rates of change (1)
In November 2020 the annual rate of change (arc) of private corporations’ total indebtedness did not change, standing at 2.1%. The annual rate of change of total households’ indebtedness increased by 0.2 p.p., standing at 1.4%.
Next update: 18 Feb.2021
Notes
(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.
