1、7EXTERNAL TRANSACTIONS AND POSITIONS7.1 Summary balance of payments1)(EUR billions; net transactions)S 61ECBPress ReleaseOCTOBER 2012Current account Net Financial accountCapital lending/ Errors andTotal Goods Services Income Current account borrowing Total Direct Portfolio Financial Other Reserve om
2、issionstransfers to/from investment investment derivatives investment assetsrest ofthe world(columns1+6)123456 7 8 9 10 1 1213 142009 -13.3 30.7 44.9 9.0 -97.8 8.3 -5.0 15.1 -67.0 247.3 19.0 -188.7 4.6 -10.12010 3.1 18.2 54.3 40.4 -109.8 7.8 10.9 5.5 -95.0 124.1 17.8 -30.8 -10.5 -16.42011 12.5 9.2 6
3、7.2 43.0 -106.9 11.5 23.9 -45.3 -154.8 274.0 -4.9 -149.5 -10.2 21.42011 Q2 -12.9 -0.8 18.3 -8.7 -21.6 0.8 -12.2 14.8 -46.4 131.1 14.9 -89.3 4.5 -2.6Q3 6.5 3.6 21.0 12.4 -30.4 2.0 8.5 -11.1 -38.9 39.6 -10.7 -4.8 3.7 2.6Q4 36.6 15.8 18.7 22.2 -20.0 6.1 42.7 -42.2 -35.7 -34.0 -10.9 45.1 -6.7 -0.52012 Q
4、1 -4.6 6.3 15.3 13.0 -39.2 2.0 -2.6 3.6 -3.5 -71.0 -6.7 86.9 -2.1 -1.0Q2 16.5 25.7 24.7 -8.8 -25.1 0.8 17.3 -24.3 -9.7 85.7 -9.6 -81.7 -9.0 7.02011 Aug. -0.2 -4.1 5.7 6.7 -8.5 2.1 1.9 -9.6 -10.9 30.0 -4.1 -28.0 3.4 7.8Sep. 2.3 3.3 7.6 2.0 -10.6 -0.1 2.3 2.4 -9.5 24.8 -5.9 -8.5 1.6 -4.7Oct. 4.0 0.9 5
5、.8 7.1 -9.9 1.8 5.8 1.2 3.9 -15.2 -2.0 15.6 -1.1 -7.0Nov. 9.3 5.9 5.0 5.9 -7.5 2.6 11.9 -21.8 -50.5 33.0 -3.8 -0.3 -0.2 10.0Dec. 23.4 9.0 7.9 9.1 -2.6 1.7 25.1 -21.6 10.9 -51.8 -5.1 29.7 -5.4 -3.42012 Jan. -11.7 -7.6 3.2 2.4 -9.7 0.3 -11.3 19.2 0.3 -39.4 -6.2 65.6 -1.1 -7.9Feb. -3.5 3.2 5.0 5.7 -17.
6、4 1.8 -1.8 6.5 5.7 12.1 4.4 -14.1 -1.6 -4.7Mar. 10.6 10.7 7.1 4.9 -12.1 -0.1 10.5 -22.1 -9.4 -43.7 -4.9 35.4 0.7 11.6Apr. 2.9 5.3 6.6 0.0 -9.1 0.1 2.9 -4.1 -0.8 0.1 0.4 -1.0 -3.0 1.2May -4.6 6.1 8.3 -10.7 -8.3 1.3 -3.4 1.2 10.1 23.9 -7.2 -24.2 -1.5 2.2June 18.2 14.3 9.8 1.9 -7.7 -0.5 17.7 -21.3 -19.
7、1 61.6 -2.9 -56.5 -4.5 3.6July 14.3 11.1 8.1 2.4 -7.4 0.2 14.5 -7.3 -7.2 25.4 -2.3 -23.7 0.5 -7.2Aug. 7.2 4.4 7.4 5.9 -10.7 1.3 8.5 -12.1 -11.2 7.8 -0.3 -6.8 -1.6 3.612-month cumulated transactions2012 Aug. 72.2 66.6 81.8 36.8 -113.0 10.4 82.6 -79.9 -76.8 38.7 -35.8 11.2 -17.3 -2.712-month cumulated
8、 transactions as a percentage of GDP2012 Aug. 0.8 0.7 0.9 0.4 -1.2 0.1 0.9 -0.8 -0.8 0.4 -0.4 0.1 -0.2 0.0C32 Euro area b.o.p.: current account(seasonally adjusted; 12-month cumulated transactions as a percentage of GDP)C33 Euro area b.o.p.: direct and portfolio investment(12-month cumulated transac
9、tions as a percentage of GDP)-2.0-1.5-1.0-0.50.00.51.02002 2004 2006 2008 2010 2012-2.0-1.5-1.0-0.50.00.51.0current account balance-4.0-3.0-2.0-1.00.01.02.03.04.05.02002 2004 2006 2008 2010 2012-4.0-3.0-2.0-1.00.01.02.03.04.05.0net direct investmentnet portfolio investmentSource: ECB.1) The sign con
10、vention is explained in the General Notes.7.2 Current and capital accounts(EUR billions; transactions)S 62ECBPress ReleaseOCTOBER 20121. Summary current and capital accountsCurrent account Capital accountTotal Goods Services Income Current transfers Credit Debit Net Credit Debit Credit Debit Credit
11、Debit Credit Debit Credit DebitWorkers Workersremit- remit-tances tances123 45 67 8910111213 14 152009 2,330.1 2,343.4 -13.3 1,302.6 1,272.0 499.9 455.0 434.3 425.3 93.3 6.4 191.1 27.2 19.5 11.22010 2,693.5 2,690.4 3.1 1,566.8 1,548.6 541.7 487.4 498.0 457.6 87.0 6.3 196.8 27.1 20.3 12.52011 2,975.0
12、 2,962.5 12.5 1,775.5 1,766.2 576.6 509.4 528.4 485.4 94.5 6.6 201.4 27.8 25.0 13.52011 Q2 737.4 750.3 -12.9 439.1 440.0 140.8 122.5 137.5 146.2 19.9 1.6 41.6 7.0 3.8 3.0Q3 744.5 738.0 6.5 445.1 441.5 154.1 133.1 128.4 116.0 17.0 1.8 47.4 7.0 5.0 3.0Q4 785.2 748.6 36.6 463.6 447.8 151.6 133.0 137.6
13、115.5 32.4 1.6 52.4 7.0 11.3 5.22012 Q1 751.3 755.9 -4.6 464.0 457.7 137.1 121.9 124.3 111.3 25.8 1.5 65.0 6.3 4.8 2.8Q2 789.5 773.1 16.5 478.5 452.9 154.8 130.1 135.1 143.8 21.1 1.6 46.3 6.6 5.0 4.22012 June 276.3 258.0 18.2 165.5 151.2 55.7 45.9 48.6 46.7 6.5 . 14.2 . 1.4 1.9July 265.8 251.5 14.3
14、163.5 152.4 55.1 47.0 41.1 38.7 6.0 . 13.4 . 1.0 0.8Aug. 255.5 248.3 7.2 154.9 150.5 54.5 47.1 40.7 34.7 5.4 . 16.1 . 2.8 1.5Seasonally adjusted2011 Q4 759.7 752.1 7.6 453.3 449.5 147.6 129.1 135.3 123.1 23.6 . 50.4 . . . 2012 Q1 771.3 752.8 18.5 470.0 452.3 149.3 127.0 127.7 121.0 24.4 . 52.4 . . .
15、 Q2 791.5 760.2 31.3 481.6 453.2 155.8 133.5 128.4 120.1 25.7 . 53.4 . . . 2012 June 265.7 250.5 15.2 160.5 147.7 53.0 45.1 43.9 40.7 8.3 . 17.0 . . . July 255.7 247.6 8.1 154.9 148.7 50.0 44.0 42.3 40.6 8.5 . 14.3 . . . Aug. 266.7 257.9 8.8 163.7 153.5 51.8 44.8 43.6 40.4 7.5 . 19.1 . . . 12-month
16、cumulated transactions2012 Aug. 3,095.3 3,019.6 75.7 1,872.1 1,805.4 603.6 521.6 521.9 485.9 97.6 . 206.8 . . . 12-month cumulated transactions as a percentage of GDP2012 Aug. 32.7 31.9 0.8 19.8 19.1 6.4 5.5 5.5 5.1 1.0 . 2.2 . . . C34 Euro area b.o.p.: goods(seasonally adjusted; 12-month cumulated
17、transactions as a percentage of GDP)C35 Euro area b.o.p.: services(seasonally adjusted; 12-month cumulated transactions as a percentage of GDP)6.08.010.012.014.016.018.020.022.02000 2002 2004 2006 2008 2010 20126.08.010.012.014.016.018.020.022.0exports (credit)imports (debit)2.53.03.54.04.55.05.56.0
18、6.52000 2002 2004 2006 2008 2010 20122.53.03.54.04.55.05.56.06.5exports (credit)imports (debit)Source: ECB.EURO AREASTATISTICSExternaltransactionsandpositions7.2 Current and capital accounts(EUR billions)S 63ECBPress ReleaseOCTOBER 20122. Income account(transactions)Compensation of employees Investm
19、ent incomeCredit Debit Total Direct investment Portfolio investment Other investmentCredit Debit Equity Debt Equity Debt Credit DebitCredit Debit Credit Debit Credit Debit Credit DebitReinv. Reinv.earnings earnings12345 67 8910112131415162009 22.5 12.0 411.8 413.3 163.6 25.9 100.4 12.4 23.7 24.8 24.
20、5 77.2 100.9 121.5 99.1 89.42010 25.1 11.9 472.9 445.7 242.0 51.4 150.2 41.5 22.2 22.6 28.6 83.9 102.2 124.6 77.8 64.32011 26.7 12.4 501.7 473.0 252.7 42.0 154.2 56.8 24.7 22.6 35.1 95.6 102.6 133.3 86.7 67.42011 Q2 6.6 3.3 130.9 142.9 67.2 12.7 41.7 11.5 5.3 5.3 12.0 46.5 25.7 32.6 20.7 16.8Q3 6.6
21、3.7 121.8 112.3 58.5 1.5 38.1 19.8 6.5 5.4 8.8 18.5 25.9 33.5 22.1 16.8Q4 6.9 3.2 130.7 112.3 68.0 13.9 37.4 1.9 7.2 7.1 7.0 16.4 25.4 34.3 23.1 17.22012 Q1 6.8 2.3 117.5 109.0 56.6 25.0 36.4 18.4 5.9 5.4 8.8 16.9 24.3 33.6 21.9 16.7Q2 6.9 3.4 128.2 140.4 60.1 1.9 44.1 8.5 6.4 5.9 15.5 45.1 24.6 30.
22、1 21.5 15.33. Geographical breakdown(cumulated transactions)Total EU Member States outside the euro area Brazil Canada China India Japan Russia Switzer- United Otherland StatesTotal Den- Sweden United Other EU EUmark Kingdom countries insti-2011 Q3 to tutions2012 Q2 12345 67891011213141516CreditsCur
23、rent account 3,070.6 985.4 53.8 92.2 468.0 308.8 62.5 61.9 48.9 157.1 40.5 69.0 114.5 242.6 407.0 943.7Goods 1,851.2 577.9 34.5 58.4 240.9 243.9 0.2 32.2 21.9 120.9 30.2 42.6 86.0 131.5 216.4 591.6Services 597.6 182.4 11.9 16.6 114.0 33.3 6.6 9.8 10.2 20.6 7.1 14.5 19.1 60.6 91.3 181.9Income 525.4 1
24、61.7 6.5 15.2 101.9 28.7 9.4 19.4 16.1 14.9 2.9 10.9 8.9 41.6 92.3 156.8Investment income 498.2 154.5 5.8 15.0 100.4 28.2 5.1 19.4 15.9 14.8 2.9 10.9 8.9 27.4 90.5 153.1Current transfers 96.3 63.4 0.9 2.0 11.2 3.0 46.4 0.4 0.7 0.7 0.3 0.9 0.5 8.9 7.0 13.5Capital account 26.1 21.5 0.0 0.0 0.8 0.3 20.
25、3 0.0 0.0 0.0 0.0 0.0 0.1 0.7 0.3 3.4DebitsCurrent account 3,015.5 956.4 50.0 91.8 423.3 279.0 112.2 40.7 31.7 - 35.9 105.8 151.1 206.9 397.2 - Goods 1,799.9 500.5 30.6 51.0 193.4 225.5 0.0 31.1 15.0 208.1 26.7 50.9 135.9 104.4 148.1 579.2Services 518.0 151.2 9.0 13.8 89.2 38.8 0.3 6.1 7.2 14.9 7.1
26、10.1 10.3 45.2 108.1 158.0Income 486.6 177.3 9.4 25.2 128.2 9.6 4.9 2.1 7.5 - 1.2 44.2 4.2 48.1 134.7 - Investment income 474.0 170.9 9.3 25.1 126.6 5.1 4.9 2.0 7.3 - 0.9 44.0 4.1 47.5 133.6 - Current transfers 211.0 127.4 1.1 1.8 12.5 5.1 107.0 1.4 1.9 4.3 0.9 0.7 0.7 9.2 6.3 58.2Capital account 15
27、.3 2.0 0.3 0.1 1.1 0.4 0.2 0.2 0.1 0.3 0.2 0.1 0.0 0.4 4.1 7.9NetCurrent account 55.0 29.0 3.7 0.4 44.7 29.8 -49.6 21.2 17.2 - 4.6 -36.8 -36.6 35.7 9.8 - Goods 51.4 77.4 3.9 7.4 47.5 18.4 0.2 1.2 6.8 -87.2 3.5 -8.3 -49.8 27.1 68.4 12.4Services 79.6 31.3 2.9 2.8 24.8 -5.5 6.3 3.8 3.0 5.7 0.0 4.5 8.8
28、15.4 -16.8 23.9Income 38.8 -15.7 -2.8 -10.0 -26.4 19.0 4.5 17.3 8.6 - 1.7 -33.3 4.7 -6.5 -42.5 - Investment income 24.2 -16.5 -3.5 -10.1 -26.2 23.1 0.2 17.4 8.6 - 2.0 -33.1 4.8 -20.1 -43.1 - Current transfers -114.7 -63.9 -0.2 0.3 -1.3 -2.1 -60.6 -1.1 -1.2 -3.6 -0.7 0.2 -0.2 -0.3 0.7 -44.7Capital ac
29、count 10.9 19.5 -0.3 0.0 -0.2 -0.1 20.1 -0.2 0.0 -0.3 -0.2 0.0 0.1 0.4 -3.8 -4.6Source: ECB.7.3 Financial account(EUR billions and annual growth rates; outstanding amounts and growth rates at end of period; transactions and other changes during period)S 64ECBPress ReleaseOCTOBER 20121. Summary finan
30、cial accountOutstanding amounts (international investment position)Total1)Total Direct Portfolio Net Other Reserveas a % of GDP investment investment financial investment assetsderivativesAssets Liabilities Net Assets Liabilities Net Assets Liabilities Assets Liabilities Assets Liabilities1234567891
31、0 11213142008 13,235.0 14,838.0 -1,603.0 143.2 160.6 -17.3 3,915.8 3,260.1 3,827.2 5,966.9 -0.5 5,118.2 5,611.1 374.22009 13,739.1 15,225.6 -1,486.4 154.0 170.6 -16.7 4,412.8 3,532.5 4,340.9 6,863.8 -1.3 4,527.2 4,829.3 459.62010 15,216.8 16,479.1 -1,262.3 165.8 179.6 -13.8 4,946.7 3,908.6 4,907.3 7
32、,470.9 -32.6 4,807.6 5,099.5 587.82011 Q4 15,843.5 17,158.4 -1,314.9 168.2 182.1 -14.0 5,564.7 4,392.0 4,762.6 7,636.5 -24.3 4,877.2 5,129.9 663.42012 Q1 16,165.3 17,177.2 -1,012.0 170.9 181.6 -10.7 5,626.2 4,144.7 5,044.6 7,808.3 -24.1 4,847.3 5,224.3 671.2Q2 16,483.4 17,319.4 -836.0 174.2 183.0 -8
33、.8 5,723.5 4,224.5 5,044.6 7,818.0 -19.8 5,033.6 5,276.8 701.5Changes to outstanding amounts2008 -757.8 -428.8 -329.0 -8.2 -4.6 -3.6 189.2 38.2 -803.9 -571.2 28.4 -198.5 104.2 27.02009 504.2 387.6 116.6 5.7 4.3 1.3 497.0 272.5 513.7 896.9 -0.9 -591.0 -781.8 85.42010 1,477.7 1,253.5 224.2 16.1 13.7 2
34、.4 533.9 376.1 566.4 607.1 -31.2 280.4 270.2 128.22011 626.7 679.3 -52.6 6.7 7.2 -0.6 618.0 483.3 -144.7 165.6 8.3 69.6 30.4 75.62012 Q1 321.8 18.9 302.9 13.8 0.8 13.0 61.6 -247.3 282.0 171.8 0.2 -29.9 94.3 7.8Q2 318.1 142.2 176.0 13.4 6.0 7.4 97.3 79.8 0.0 9.8 4.3 186.3 52.6 30.3Transactions2008 42
35、1.0 540.3 -119.3 4.6 5.8 -1.3 338.3 107.4 4.7 252.7 84.6 -10.0 180.1 3.42009 -89.7 -74.6 -15.1 -1.0 -0.8 -0.2 352.9 285.9 96.0 343.4 -19.0 -515.0 -703.8 -4.62010 652.9 658.4 -5.5 7.1 7.2 -0.1 356.7 261.7 135.9 260.1 -17.8 167.5 136.7 10.52011 535.3 490.0 45.3 5.7 5.2 0.5 408.0 253.1 -51.9 222.1 4.9
36、164.2 14.7 10.22011 Q4 -74.1 -116.3 42.2 -3.1 -4.8 1.7 123.1 87.4 -45.7 -79.6 10.9 -169.1 -124.1 6.72012 Q1 300.6 304.2 -3.6 12.9 13.1 -0.2 75.6 72.1 125.6 54.6 6.7 90.6 177.5 2.1Q2 73.4 49.1 24.3 3.1 2.1 1.0 62.1 52.4 -60.0 25.7 9.6 52.7 -29.0 9.02012 Apr. 13.6 9.5 4.1 . . . 26.5 25.8 -18.9 -18.7 -
37、0.4 3.5 2.5 3.0May 110.1 111.3 -1.2 . . . 13.0 23.1 -2.5 21.3 7.2 91.0 66.8 1.5June -50.3 -71.7 21.3 . . . 22.6 3.5 -38.5 23.1 2.9 -41.8 -98.3 4.5July 34.7 27.4 7.3 . . . 6.5 -0.6 -13.7 11.7 2.3 40.0 16.3 -0.5Aug. -1.0 -13.1 12.1 . . . 24.2 13.0 19.2 27.0 0.3 -46.4 -53.2 1.6Other changes2008 -1,172.
38、8 -967.6 -205.2 -12.7 -10.5 -2.2 -149.2 -69.3 -808.6 -823.0 -56.2 -182.5 -75.2 23.72009 583.3 456.2 127.1 6.5 5.1 1.4 144.1 -13.4 417.6 547.6 18.2 -86.6 -78.1 90.02010 824.8 595.1 229.7 9.0 6.5 2.5 177.2 114.4 430.5 347.1 -13.4 112.9 133.6 117.72011 91.4 189.4 -97.9 1.0 2.0 -1.0 210.0 230.2 -92.8 -5
39、6.5 3.4 -94.6 15.7 65.4Other changes due to exchange rate changes2008 -49.8 28.2 -77.9 -0.5 0.3 -0.8 -25.0 -33.8 6.6 41.9 . -40.7 20.1 9.32009 -49.2 -56.0 6.8 -0.6 -0.6 0.1 -5.3 5.6 -29.8 -34.4 . -11.5 -27.2 -2.72010 535.4 323.1 212.3 5.8 3.5 2.3 166.0 59.5 180.0 103.1 . 176.3 160.6 13.02011 134.4 1
40、64.2 -29.8 1.4 1.7 -0.3 16.9 11.6 41.5 63.0 . 68.3 89.7 7.7Other changes due to price changes2008 -1,002.7 -975.6 -27.1 -10.8 -10.6 -0.3 -159.2 -60.7 -809.5 -915.0 -56.0 . . 22.02009 634.8 493.1 141.7 7.1 5.5 1.6 147.4 29.4 423.5 463.8 18.2 . . 45.82010 327.4 156.5 170.9 3.6 1.7 1.9 52.6 2.4 186.1 1
41、54.1 -13.3 . . 102.02011 84.1 -252.7 336.8 0.9 -2.7 3.6 -20.3 0.0 39.9 -252.7 3.7 . . 60.7Other changes due to other adjustments2008 -118.7 -26.2 -92.5 -1.3 -0.3 -1.0 36.7 27.3 -6.0 42.3 . -141.8 -95.9 -7.72009 -2.3 19.1 -21.4 0.0 0.2 -0.2 2.0 -48.3 24.0 118.3 . -75.1 -50.8 46.92010 -37.9 115.4 -153
42、.3 -0.4 1.3 -1.7 -41.5 52.5 64.3 89.9 . -63.5 -27.0 2.72011 -126.8 277.9 -404.7 -1.3 2.9 -4.3 213.4 218.6 -174.2 133.2 . -162.9 -74.0 -3.0Growth rates of outstanding amounts2007 15.6 14.3 - . . . 15.8 15.1 10.0 9.4 . 20.2 20.2 1.62008 3.0 3.5 - . . . 9.2 3.3 -0.2 4.0 . -0.2 3.3 1.02009 -0.7 -0.5 - .
43、 . . 8.9 8.8 2.4 5.6 . -10.0 -12.5 -1.32010 4.6 4.2 - . . . 7.8 7.2 3.0 3.7 . 3.7 2.8 2.02011 Q4 3.6 3.0 - . . . 8.3 6.7 -1.2 3.0 . 3.5 0.3 1.62012 Q1 3.7 3.2 - . . . 6.8 5.6 1.0 1.6 . 3.5 4.0 -0.1Q2 2.9 2.2 - . . . 6.6 6.4 -1.1 -0.5 . 2.4 3.2 2.1Source: ECB.1) Net financial derivatives are included
44、 in assets.EURO AREASTATISTICSExternaltransactionsandpositions7.3 Financial account(EUR billions and annual growth rates; outstanding amounts and growth rates at end of period, transactions during period)S 65ECBPress ReleaseOCTOBER 20122. Direct investmentOustanding amounts (international investment
45、 position)By resident units abroad By non-resident units in the euro areaTotal Equity capital Other capital Total Equity capital Other capitaland reinvested earnings (mostly inter-company loans) and reinvested earnings (mostly inter-company loans)Total MFIs Non- Total MFIs Non- Total Into MFIs Into
46、Total To MFIs ToMFIs MFIs non-MFIs non-MFIs1 2 3 4 5 6 7 8 910111213 142010 4,946.7 3,825.3 275.3 3,550.0 1,121.4 17.0 1,104.4 3,908.6 2,940.6 90.4 2,850.3 968.0 14.7 953.22011 5,564.7 4,230.1 287.6 3,942.5 1,334.6 13.5 1,321.0 4,392.0 3,337.2 92.6 3,244.6 1,054.7 11.2 1,043.52012 Q1 5,626.2 4,297.5
47、 283.5 4,014.0 1,328.8 13.7 1,315.0 4,144.7 3,376.5 92.2 3,284.3 768.2 9.9 758.3Q2 5,723.5 4,363.8 286.2 4,077.6 1,359.8 13.2 1,346.6 4,224.5 3,435.5 95.4 3,340.0 789.1 10.2 778.9Transactions2009 352.9 268.2 24.6 243.6 84.7 2.6 82.1 285.9 275.1 5.4 269.7 10.8 -0.6 11.42010 356.7 225.9 16.3 209.5 130
48、.9 1.6 129.3 261.7 284.1 6.4 277.7 -22.4 -7.7 -14.72011 408.0 352.1 18.4 333.7 55.8 -3.5 59.3 253.1 283.3 3.2 280.1 -30.2 -0.9 -29.32011 Q4 123.1 127.2 -1.7 128.9 -4.1 0.6 -4.7 87.4 83.1 0.9 82.2 4.3 0.4 3.82012 Q1 75.6 67.1 -2.4 69.5 8.4 1.0 7.4 72.1 63.9 2.0 61.8 8.2 -0.6 8.9Q2 62.1 50.6 -2.4 53.0
49、 11.5 -0.4 11.8 52.4 46.0 0.6 45.4 6.4 0.1 6.32012 Apr. 26.5 11.4 -1.1 12.6 15.1 0.3 14.8 25.8 14.2 -0.1 14.2 11.6 0.5 11.1May 13.0 13.6 -0.3 13.9 -0.6 -0.2 -0.4 23.1 23.0 0.3 22.7 0.2 0.1 0.0June 22.6 25.6 -0.9 26.5 -3.0 -0.4 -2.6 3.5 8.8 0.4 8.5 -5.3 -0.5 -4.8July 6.5 14.7 2.1 12.6 -8.2 -0.1 -8.1 -0.6 12.0 0.7 11.3 -12.6 0.9 -13.6Aug. 24.2 20.6 1.5 19.1 3.6 0.0 3.6 13.0 16.0 0.1 16.0 -3.0 0.2 -3.3Growth rates2009 8.9 8.7 11.4 8.4 9.6 21.6 9.4 8.8 11.8 8.0 12.0 1.2 -2.9 1.32010 7.8 6.3 6.8 6.2 13.2 10.6 13.3 7.2 10.6 8.0 10.7 -2.4 -37.9 -1.62011 Q4 8.3 9.3
