As regards the sectoral breakdown, the annual growth rate of outstanding debt securities issued by nonfinancial corporations decreased from 10.4% in January 2008 to 9.7% in February. For the monetary financial institutions (MFI) sector, this growth rate decreased from 9.9% in January 2008 to 8.6% in February. The annual growth rate of outstanding debt securities issued by financial corporations other than MFIs decreased from 27.5% in January 2008 to 24.8% in February. For the general government, this growth rate increased from 2.3% in January 2008 to 2.9% in February.
As regards the maturity breakdown, the annual growth rate of outstanding short-term debt securities was 25.7% in February 2008, the same as in January). The annual growth rate of outstanding short-term debt securities issued by MFIs decreased from 32.1% to 31.0% during the same period. For long-term debt securities, the annual growth rate decreased from 6.7% in January 2008 to 6.1% in February. The annual growth rate of outstanding long-term debt securities issued by MFIs decreased from 6.5% to 5.2% during the same period. The annual growth rate of outstanding fixed rate long-term debt securities decreased from 3.4% in January 2008 to 3.1% in February. The annual growth rate of outstanding variable rate long-term debt securities decreased from 15.3% in January 2008 to 13.7% in February.
Concerning the currency breakdown, the annual growth rate of outstanding euro-denominated debt securities decreased from 8.6% in January 2008 to 8.3% in February. For debt securities in other currencies, this growth rate decreased from 7.9% in January 2008 to 5.8% in February.
The seasonally adjusted three-month annualised growth rate of outstanding debt securities issued by euro area residents decreased from 5.8% in January 2008 to 5.6% in February. New issuance of quoted shares by euro area residents totalled EUR 2.7 billion in February 2008. As redemptions came to EUR 1.9 billion, net issues amounted to EUR 0.8 billion. The annual growth rate of the outstanding amount of quoted shares issued by euro area residents (excluding valuation changes) was 1.3% in February 2008, the same as in January. The annual growth rate of quoted shares issued by non-financial corporations was 1.3% in February 2008, the same as in January. For monetary financial institutions, it decreased from 0.8% in January 2008 to 0.5% in February. For financial corporations other than MFIs, this growth rate decreased from 2.4% in January 2008 to 2.2% in February.
The outstanding amount of quoted shares issued by euro area residents totalled EUR 5,803 billion at the end of February 2008. Compared with EUR 6,279 billion at the end of February 2007, this represents an annual decrease of 7.6% in the value of the stock of quoted shares in February 2008, compared with an annual decrease of 9.7% in January.
