As regards the sectoral breakdown, the annual growth rate of outstanding debt securities issued by nonfinancial corporations increased from 2.6% in July 2008 to 4.5% in August. For the monetary financial institutions (MFIs) sector, this growth rate decreased from 8.5% in July 2008 to 8.3% in August. The annual growth rate of outstanding debt securities issued by financial corporations other than MFIs increased from 22.7% in July 2008 to 23.3% in August. For the general government, this growth rate increased from 2.1% in July 2008 to 3.0% in August.
As regards the maturity breakdown, the annual growth rate of outstanding short-term debt securities decreased from 22.3% in July 2008 to 22.1% in August. The annual growth rate of outstanding short-term debt securities issued by MFIs decreased from 30.2% to 26.9% during the same period. For long-term debt securities, the annual growth rate increased from 5.4% in July 2008 to 5.9% in August. The annual growth rate of outstanding long-term debt securities issued by
MFIs increased from 5.2% to 5.3% during the same period. The annual growth rate of outstanding fixed rate long-term debt securities increased from 3.0% in July 2008 to 3.4% in August. The annual growth
rate of outstanding variable rate long-term debt securities increased from 11.8% in July 2008 to 12.9% in August.
Concerning the currency breakdown, the annual growth rate of outstanding euro-denominated debt securities increased from 7.5% in July 2008 to 8.0% in August. For debt securities in other currencies,
this growth rate increased from 3.8% in July 2008 to 4.3% in August.
The seasonally adjusted three-month annualised growth rate of outstanding debt securities issued by euro area residents increased from 9.5% in July 2008 to 10.7% in August.
New issuance of quoted shares by euro area residents totalled EUR 1.7 billion in August 2008. As redemptions came to EUR 1.5 billion, net issues amounted to EUR 0.1 billion. The annual growth rate of the outstanding amount of quoted shares issued by euro area residents (excluding valuation changes) was 0.8% in August 2008, compared with 0.7% in July. The annual growth rate of quoted shares issued by non-financial corporations was 0.2% in August 2008, compared with 0.1% in July. For monetary financial institutions, it was 2.8% in August 2008, the same as in July. For financial corporations other than MFIs, this growth rate was 2.6% in August 2008, compared with 2.5% in July.
The outstanding amount of quoted shares issued by euro area residents totalled EUR 5,038 billion at the end of August 2008. Compared with EUR 6,618 billion at the end of August 2007, this represents an annual decrease of 23.9% in the value of the stock of quoted shares in August 2008, compared with an annual decrease of 26.3% in July, mainly due to market valuation changes.
