In September 2020 non-financial sector indebtedness stood at €738.0 billion, of which €335.3 billion referred to the public sector and €402.7 billion to the private sector.
Compared with August 2020, non-financial sector indebtedness increased by €1.5 billion. This was caused by the €0.9 billion raise in public sector indebtedness and by the €0.6 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 (€0.9 billion) and the financial sector (€0.9 billion), partly offset by the reduction of financing granted by the external sector (€1.0 billion) (Chart 2).
The growth in the private sector indebtedness resulted from an increase of €0.3 billion in the households’ indebtedness granted by the financial sector and €0.3 billion in the corporations’ indebtedness granted by the external sector.
In September 2020 the annual rate of change (arc) of private corporations’ total indebtedness was 2.0%, 0.4 percentage points (p.p.) less than the previous month. The annual rate of change of total households’ indebtedness increased by 0.1 p.p., standing at 0.9%.
Next update: 23 Dec. 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.