As regards the sectoral breakdown, the annual growth rate of outstanding debt securities issued by nonfinancial corporations decreased from 7.0% in December 2008 to 6.7% in January. For the monetary financial institutions (MFIs) sector, this growth rate decreased from 5.5% in December 2008 to 5.2% in January. The annual growth rate of outstanding debt securities issued by financial corporations other than MFIs increased from 28.5% in December 2008 to 30.5% in January. For the general government, this growth rate increased from 8.0% in December 2008 to 9.3% in January. As regards the maturity breakdown, the annual growth rate of outstanding short-term debt securities decreased from 27.6% in December 2008 to 25.6% in January. The annual growth rate of outstanding short-term debt securities issued by MFIs decreased from 10.8% to 10.1% during the same period. For long-term debt securities, the annual growth rate increased from 7.3% in December 2008 to 8.1% in January. The annual growth rate of outstanding long-term debt securities issued by MFIs decreased from 4.5% to 4.3% during the same period. The annual growth rate of outstanding fixed rate long-term debt securities increased from 4.1% in December 2008 to 5.3% in January. The annual growth rate of outstanding variable rate long-term debt securities was 15.6% in January 2009, the same as in December.
Concerning the currency breakdown, the annual growth rate of outstanding euro-denominated debt securities increased from 10.3% in December 2008 to 11.0% in January. For debt securities in other currencies, this growth rate was 2.2% in January 2009, the same as in December.
The seasonally adjusted three-month annualised growth rate of outstanding debt securities issued by euro area residents was 19.2% in January 2009 compared with 19.3% in December.
New issuance of quoted shares by euro area residents totalled EUR 3.6 billion in January 2009. As redemptions came to EUR 0.5 billion, net issues amounted to EUR 3.1 billion. The annual growth rate of the outstanding amount of quoted shares issued by euro area residents (excluding valuation changes) was 1.0% in January 2009, the same as in December. The annual growth rate of quoted shares issued by non-financial corporations was -0.1% in January 2009, the same as in December. For monetary financial institutions, it increased from 5.8% in December 2008 to 6.6% in January. For financial corporations other than MFIs, this growth rate was 3.1% in January 2009, compared with 3.0% in December.
The outstanding amount of quoted shares issued by euro area residents totalled EUR 3,281 billion at the end of January 2009. Compared with EUR 5,762 billion at the end of January 2008, this represents an annual decrease of 43.1% in the value of the stock of quoted shares in January 2009, compared with an annual decrease of 47.2% in December, mainly due to market valuation changes.
