Statistical Press Release – Non-financial sector indebtedness – October 2020
End-of-period positions
In October 2020 non-financial sector indebtedness stood at €739.9 billion, of which €337.2 billion referred to the public sector and €402.7 billion to the private sector.
Compared with September 2020, non-financial sector indebtedness increased by €1.9 billion. This increase was caused entirely by the raise in public 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 general government (€0.7 billion), partly offset by the reduction of financing granted by the external sector (€0.2 billion) (Chart 2).
Private sector indebtedness was practically unchanged, with the decrease of corporations’ indebtedness granted by the financial sector (€0.7 billion), being offset by the increase of corporations’ indebtedness granted by the external sector (€0.4 billion), and by the increase of households’ indebtedness granted by the financial sector (€0.2 billion).
Annual rates of change (1)
In October 2020 the annual rate of change (arc) of private corporations’ total indebtedness was 2.1%, 0.1 percentage points (p.p.) more than the previous month. The annual rate of change of total households’ indebtedness increased by 0.1 p.p., standing at 1.0%.
Next update: 21 Jan. 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.
