As regards the sectoral breakdown, the annual growth rate of outstanding debt securities issued by nonfinancial corporations was 3.9% in November 2008, compared with 4.0% in October. For the monetary financial institutions (MFIs) sector, this growth rate increased from 5.3% in October 2008 to 5.7% in November. The annual growth rate of outstanding debt securities issued by financial corporations other than MFIs increased from 21.7% in October 2008 to 24.4% in November. For the general government, this growth rate increased from 4.8% in October 2008 to 6.4% in November.
As regards the maturity breakdown, the annual growth rate of outstanding short-term debt securities increased from 20.3% in October 2008 to 23.2% in November. The annual growth rate of outstanding short-term debt securities issued by MFIs increased from 10.9% to 12.3% during the same period. For long-term debt securities, the annual growth rate increased from 5.3% in October 2008 to 6.2% in November. The annual growth rate of outstanding long-term debt securities issued by MFIs increased from 4.3% to 4.5% during the same period. The annual growth rate of outstanding fixed rate long-term debt securities increased from 2.7% in October 2008 to 3.3% in November. The annual growth rate of outstanding variable rate long-term debt securities increased from 11.8% in October 2008 to 13.6% in November.
Concerning the currency breakdown, the annual growth rate of outstanding euro-denominated debt securities increased from 7.5% in October 2008 to 8.8% in November. For debt securities in other currencies, this growth rate decreased from 2.7% in October 2008 to 2.2% in November.
The seasonally adjusted three-month annualised growth rate of outstanding debt securities issued by euro area residents increased from 8.3% in October 2008 to 9.3% in November.
New issuance of quoted shares by euro area residents totalled EUR 10.6 billion in November 2008. As redemptions came to EUR 2.9 billion, net issues amounted to EUR 7.7 billion. The annual growth rate of the outstanding amount of quoted shares issued by euro area residents (excluding valuation changes) increased from 0.7% in October 2008 to 0.9% in November. The annual growth rate of quoted shares issued by non-financial corporations was -0.1% in November 2008, the same as in October. For MFIs, it increased from 4.2% in October 2008 to 5.9% in November. For financial corporations other than MFIs, this growth rate decreased from 2.8% in October 2008 to 2.2% in November.
The outstanding amount of quoted shares issued by euro area residents totalled EUR 3,474 billion at the end of November 2008. Compared with EUR 6,623 billion at the end of November 2007, this represents an annual decrease of 47.5% in the value of the stock of quoted shares in November 2008, compared with an annual decrease of 46.2% in October, mainly due to market valuation changes.
