As regards the sectoral breakdown, the annual growth rate of outstanding debt securities issued by nonfinancial corporations decreased from 5.6% (revised) in September 2008 to 3.9% in October. For the monetary financial institutions (MFIs) sector, this growth rate decreased from 6.9% in September 2008 to 5.4% in October. The annual growth rate of outstanding debt securities issued by financial corporations other than MFIs decreased from 24.6% in September 2008 to 21.7% in October. For the general government, this growth rate increased from 2.6% in September 2008 to 4.8% in October.
As regards the maturity breakdown, the annual growth rate of outstanding short-term debt securities increased from 18.3% in September 2008 to 20.4% in October. The annual growth rate of outstanding short-term debt securities issued by MFIs decreased from 17.5% to 10.9% during the same period. For long-term debt securities, the annual growth rate decreased from 5.7% in September 2008 to 5.3% in October. The annual growth rate of outstanding long-term debt securities issued by MFIs decreased from 5.1% to 4.4% during the same period. The annual growth rate of outstanding fixed rate long-term debt securities decreased from 3.1% in September 2008 to 2.8% in October. The annual growth rate of outstanding variable rate long-term debt securities decreased from 12.3% in September 2008 to 11.8% in October.
Concerning the currency breakdown, the annual growth rate of outstanding euro-denominated debt securities was 7.5% in October 2008, compared with 7.4% in September. For debt securities in other currencies, this growth rate decreased from 4.4% in September 2008 to 2.8% in October. The seasonally adjusted three-month annualised growth rate of outstanding debt securities issued by euro area residents was 8.3% in October 2008, compared with 8.2% in September. For short-term debt securities issued by MFIs, this growth rate was -9.4% in October 2008, compared with 5.6% in September.
New issuance of quoted shares by euro area residents totalled EUR 12.8 billion in October 2008. As redemptions came to EUR 0.6 billion, net issues amounted to EUR 12.2 billion. The annual growth rate of the outstanding amount of quoted shares issued by euro area residents (excluding valuation changes) was 0.7% in October 2008, the same as in September. The annual growth rate of quoted shares issued by non-financial corporations was -0.1% in October 2008, compared with 0.0% in September. For monetary financial institutions, it increased from 3.7% in September 2008 to 4.2% in October. For financial corporations other than MFIs, this growth rate increased from 2.6% in September 2008 to 2.8% in October.
The outstanding amount of quoted shares issued by euro area residents totalled EUR 3,734 billion at the end of October 2008. Compared with EUR 6,937 billion at the end of October 2007, this represents an annual decrease of 46.2% in the value of the stock of quoted shares in October 2008, compared with an annual decrease of 33.9% in September, mainly due to market valuation changes.
