statistical bulletin - | nbb.be · 11.5.1 details of revenue collected by the treasury 46 11.5.2...

Monthly update

2013-02

Statistical bulletin

© National Bank of Belgium, Brussels All rights reserved. Reproduction for educational and non-commercial purposes is permitted provided that the source is acknowledged. ISSN 1373-6868 (print) ISSN 1780-7107 (online) Closing date 12 March 2013

Table of contents

Tables

2. Business and consumer surveys 2.1 Monthly business survey: national results 10

2.1.1 Overall synthetic curve and comment 102.1.2 Numerical value of the global synthetic curve and underlying sectors 11

2.2 Monthly business surveys: regional results 132.2.1 Overall synthetic curve by region 13

2.3 Monthly consumer survey: national results 142.3.1 Consumer confidence indicator survey and comment 142.3.2 Consumer confidence indicator and components 15

2.4 Monthly consumer survey: regional results 172.4.1 Consumer confidence indicator by region 17

3. Employment, unemployment3.2 Unemployment 20

4. Industry4.1 Industrial production (Nace Rev.2) 22

5. Services5.3 Payment systems and instruments 24

5.3.1 Payment systems between banks 24

7. Index prices7.1 Price indices for raw materials 26 7.2 Price indices for production and import and their components 27 7.3 Producer price indices 28 7.4 Consumer price in Belgium 29

8. Foreign trade of Belgium according to the national concept8.1 Belgian foreign trade according to the national concept:

monthly development 32 8.2 Belgian foreign trade according to the national concept:

cumulative development 33 8.3 Belgian foreign trade according to the national concept:

monthly indices 34

3

8.4 Belgian foreign trade according to the national concept: percentage changes, cumulative data 35

10. Exchange rates10.1 Reference exchange rates of the euro 3810.2 Exchange rate mechanism - II 41

10.2.1 Euro central rates and compulsory intervention rates 4110.2.2 Premium or discount compared with the euro 42

10.3 Nominal effective exchange rate 4310.4 Irrevocably fixed conversion rates to the euro 44

11. Public finances11.5 Official debt and net financial balance 46

11.5.1 Details of revenue collected by the Treasury 4611.5.2 Official debt and net balance to be financed of the Treasury 47

13. Monetary financial institutions13.1 Eurosystem 50

13.1.1 Consolidated weekly financial statement of the Eurosystem 5013.2 National Bank of Belgium 52

13.2.1 Monthly financial statement of the National Bank of Belgium 5213.3 Credit institutions - social data 54

13.3.2 Balance sheets of the credit institutions as a whole, data on corporate basis 54

13.3.3 Off-balance-sheet items of credit institutions as a whole, data on corporate basis 56

13.4 Credit institutions, data on territorial basis 5813.4.1 Credit institutions’ main balance sheet items 5813.4.2 Claims originally granted by credit institutions 6013.4.3 Deposits and other receivables held with credit institutions 66

15. Financial assets held by non-financial companies and households15.1 Monetary aggregates of the euro area 7215.2 Belgian contribution to the monetary aggregates of the eurozone 73

15.2.2 Belgian contribution to the monetary aggregates of the eurozone (from January 2002 onwards) 73

16. Liabilities of households and non-financial companies16.2 Households and individuals 76

16.2.3 Consumer and mortgage credit according to the Central individual credit register 76

16.2.4 Results of the survey on the purpose of mortgage credits 78

17. Capital market17.1 Fixed interest securities 82

17.1.5 Public issues, by the public sector, of bonds in national currency 8217.1.6 Outstanding amount of linear bonds 84

17.2 Shares and other equity 85 17.2.1 Issues of shares 8517.2.3 Stock exchange activity 86

18. Money market18.6 Issuing of three-month treasury certificates 8818.7 Issuing of six-month treasury certificates 89

4

18.8 Issuing of twelve-month treasury certificates 9018.10 Transactions on the secondary market in dematerialised securities 91

19. Interest rates19.1 Main interest rates of the monetary policy of the Eurosystem 9419.2 Reference interest rates on the secondary market for treasury certificates

issued by the Belgian Government 9519.3 Eonia and Euribor 9619.4 MFI interest rates (MIR) 97

19.4.1 Interest rates on new business in EUR 9719.4.2 Interest rates on outstanding amounts in EUR 99

19.5 Long-term yield rates on the Belgian secondary market for bonds issued by the Belgian public sector 100

19.6 Interest rates on three-month euro-currency deposits 10119.7 Gross yield rates of 10 year Benchmark bond on the secondary market:

international comparison 10219.8 Official interest rates or intervention rates of foreign central banks 103

General remarks 105

Conventional signs 107

List of abbreviations 109

5

Tables

http://www.nbb.be

http://www.nbb.be

2. Business and consumer surveys

2.1 MONTHLY BUSINESS SURVEYS: NATIONAL RESULTS

2.1.1 OVERALL SYNTHETIC CURVE AND COMMENT

CHART 1 OVERALL SYNTHETIC CURVE(manufacturing industry, building industry, business-related services and trade)

Source: NBB

Business confidence picks up again in February

Following last month’s small decline, the National Bank of Belgium’s business barometer was back up again slightlyin February.

In the business-related services sector, where there was a significant boost to business confidence for the secondmonth running, it was above all general market demand expectations that rose strongly. Furthermore, businessleaders in this sector are also expecting an increase in their own activity in the coming months.In the manufacturing industry, the previous month’s decline was wiped out, mainly as a result of a more favourableassessment of stocks. Moreover, demand expectations recovered a little as well.In the building industry, confidence weakened to a small extent as a consequence of the drop in orders receivedand reduced use of equipment.Lastly, the slight decline in the trade sector is attributable to a sharp downward revision of demand forecasts.

The smoothed overall synthetic curve, which reflects the underlying trend in the economy, has reached a turningpoint and is now pointing upwards for the first time in ten months.

10

2.1.2 NUMERICAL VALUE OF THE GLOBAL SYNTHETIC CURVE AND UNDERLYING SECTORS

(balances)

Global synthetic curve 1 Curves by sector of activity

Seasonally adjustedseries

Seasonally adjustedand smoothed

Manufacturing industry Building industry (structural building work) Business-related services TradeSeasonally adjustedseries


series 2 Seasonally adjustedseries


series 2



series 2



series 2



series 2

2011 February 5.8 5.5 3.1 2.4 5.0 -0.6 16.0 15.9 13.0 5.9March 6.2 5.1 3.3 1.4 4.9 -0.2 20.7 15.8 4.2 4.9April 2.8 2.7 0.2 -0.4 0.2 -0.3 16.0 15.4 3.6 4.2May -0.5 0.2 -3.9 -2.4 -1.7 -1.1 14.8 14.5 2.0 3.6June -1.1 -1.3 -4.4 -5.1 -0.9 -2.2 10.4 12.1 5.2 3.0July -2.5 -3.5 -6.2 -7.6 -4.1 -3.3 13.9 8.7 1.2 1.4August -7.8 -6.9 -12.0 -9.7 -4.5 -4.3 2.7 5.0 5.0 -1.3September -9.4 -9.3 -13.1 -11.7 -4.5 -5.1 0.5 1.8 -6.1 -4.4October -10.4 -10.2 -11.8 -12.9 -8.0 -5.8 -7.1 -0.1 -8.2 -7.8November -12.2 -10.5 -14.6 -13.3 -11.1 -6.8 -0.9 -0.7 -19.1 -10.8December -10.6 -10.3 -13.8 -13.4 -6.2 -7.7 -0.9 -0.8 -10.8 -12.8

2012 January -9.5 -9.8 -13.6 -13.2 -5.6 -8.5 5.9 -0.7 -13.4 -14.0February -7.7 -9.5 -8.4 -12.9 -9.0 -9.5 -0.6 -0.9 -15.8 -14.6March -9.6 -9.8 -10.7 -12.6 -12.1 -10.4 1.2 -1.4 -20.6 -14.3April -10.7 -10.5 -12.4 -12.5 -9.8 -11.2 -2.7 -1.9 -14.4 -13.5May -11.2 -11.1 -12.4 -12.8 -14.1 -11.8 -2.7 -2.4 -12.0 -12.9June -13.2 -11.4 -15.8 -13.3 -12.1 -12.0 -3.0 -2.7 -11.7 -12.5July -11.3 -11.6 -14.9 -13.9 -9.4 -11.8 1.6 -2.7 -8.9 -12.7August -11.8 -11.7 -13.2 -14.4 -13.9 -11.6 -2.3 -2.7 -15.2 -13.2September -11.6 -12.1 -13.7 -14.8 -8.8 -11.1 -4.4 -2.7 -13.9 -13.6October -13.5 -13.0 -15.6 -15.1 -11.3 -10.6 -6.0 -2.5 -15.6 -13.7November -13.4 -13.4 -16.4 -12.4 -1.4 -13.4December -11.8 -12.9 -14.7 -8.0 -2.7 -13.3

2013 January -13.2 -17.3 -8.9 -0.4 -10.3February -11.0 -14.5 -10.7 4.2 -11.5

Source: NBB1 Weighted average of the synthetic curve of manufacturing industry, building industry, business-related services and trade.2 The smoothed series are based on the seasonally adjusted series.

11

2.1.2.1 MANUFACTURING INDUSTRY, BUILDING INDUSTRY, BUSINESS-RELATED SERVICES AND TRADE

CHART 2 MANUFACTURING INDUSTRY

Source: NBB

CHART 4 BUSINESS-RELATED SERVICES

Source: NBB

CHART 3 BUILDING INDUSTRY

Source: NBB

CHART 5 TRADE

Source: NBB

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2.2 MONTHLY BUSINESS SURVEYS: REGIONAL RESULTS2.2.1 OVERALL SYNTHETIC CURVE BY REGION

Regional curves

Flemish region Walloon region Brussels-Capital region

Seasonallyadjusted series

Seasonallyadjusted and

smoothed series 1



smoothed series 1



smoothed series 1

2012 February -13.8 -13.2 -13.2 -13.9 -17.1 -15.6March -13.6 -13.5 -14.7 -14.3 -13.6 -15.2April -13.3 -13.5 -16.0 -14.7 -16.5 -15.0May -14.0 -13.6 -13.6 -15.3 -13.2 -14.9June -13.5 -13.7 -17.1 -15.9 -9.1 -15.4July -13.2 -14.1 -15.2 -16.4 -16.0 -16.6August -14.2 -14.6 -17.0 -16.7 -18.4 -17.5September -15.5 -15.0 -16.3 -16.9 -19.6 -18.0October -16.7 -15.4 -19.5 -17.2 -18.4 -18.0November -17.7 -20.1 -17.8December -15.4 -16.3 -15.8

2013 January -15.2 -17.2 -14.7February -13.3 -17.9 -16.2

Source: NBB

N.B.: For the Brussels-Capital region only the overall synthetic curve is published at present.1 The smoothed series are based on the seasonally adjusted series.

CHART 6 OVERALL SYNTHETIC CURVE BY REGION(manufacturing industry, building industry, business-related services and trade)

Source: NBB

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2.3 MONTHLY CONSUMER SURVEY: NATIONAL RESULTS

2.3.1 CONSUMER CONFIDENCE INDICATOR SURVEY AND COMMENT

CHART 7 CONSUMER CONFIDENCE INDICATOR

Source: NBB

Marked improvement in consumer confidence in February

The consumer confidence indicator rose significantly in February. With this recovery, the sharply increasedpessimism that had set in during the last few months of 2012, fuelled by a run of bad business news, has effectivelybeen wiped out.

The improvement comes mainly from the more favourable assessment of macroeconomic developments. Withregard to the economic situation over the next twelve months, expectations were considerably less pessimistic.Consumers also clearly had a less negative outlook about unemployment over the coming year.

On a personal level, households are not expecting any change in their financial situation in the next few months. Buton the other hand, they reckon their future saving capacity will be a bit brighter for the second month running, afterappraisal of this factor had sunk to an absolute low point in December.

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2.3.2 CONSUMER CONFIDENCE INDICATOR AND COMPONENTS

Consumer confidence indicator ComponentsConsumer confidence indicator

Forecasts economic situation in Belgium Forecasts unemployment in Belgium 1 Forecasts financial situation ofhouseholds

Forecasts of saving capacity ofhouseholds

2011 February 1 4 8 3 6March -2 -5 5 -2 2April -1 -1 6 0 2May 1 5 5 1 2June -3 0 12 -1 3July -4 -6 8 -2 -1August -9 -13 17 -1 -4September -9 -15 22 -1 4October -7 -8 24 1 5November -14 -20 36 -2 3December -12 -10 31 -5 -1

2012 January -16 -22 34 -5 -4February -20 -25 47 -6 0March -12 -10 33 -4 -1April -12 -8 35 -3 -1May -10 -9 31 -3 3June -10 -5 35 -1 2July -13 -7 39 -2 -4August -16 -11 46 -3 -3September -14 -11 40 -3 -1October -17 -16 50 -3 3November -24 -28 62 -5 -2December -25 -27 57 -5 -10

2013 January -23 -23 59 -3 -7February -17 -10 52 -3 -4

Source: NBB1 Remark: an increase of the balances of this indicator is pointing to an unfavourable development, whereas a decrease of the balances is pointing to a favourable development.

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2.3.2.1 COMPONENTS OF CONSUMER CONFIDENCE

CHART 8 GENERAL ECONOMIC SITUATION IN BELGIUM(expectations for the next twelve months)

Source: NBB

CHART 10 FINANCIAL SITUATION OF HOUSEHOLDS(expectations for the next twelve months)

Source: NBB

CHART 9 UNEMPLOYMENT IN BELGIUM(expectations for the next twelve months)

Source: NBB

CHART 11 SAVING CAPACITY OF HOUSEHOLDS(expectations for the next twelve months)

Source: NBB

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2.4 MONTHLY CONSUMER SURVEY: REGIONAL RESULTS2.4.1 CONSUMER CONFIDENCE INDICATOR BY REGION

Flemish region Walloon region Brussels-Capital region

2011 April 6 -14 -10May 9 -9 -8June 5 -15 -10July 5 -15 -13August -4 -15 -16September -5 -15 -15October -1 -13 -17November -8 -22 -20December -8 -16 -14

2012 January -13 -22 -19February -18 -23 -22March -8 -18 -16April -8 -19 -18May -6 -17 -15June -5 -18 -14July -11 -15 -12August -14 -20 -16September -12 -19 -16October -13 -22 -22November -19 -29 -26December -21 -26 -24

2013 January -22 -23 -19February -13 -23 -18

Source: NBB

CHART 12 CONSUMER CONFIDENCE INDICATOR BY REGION

Source: NBB

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3. Employment, unemployment

3.2 UNEMPLOYMENT

Unemployed job-seekers 1 2 Adjusted harmonised unemployment rate (Eurostat definition), seasonally ad-justed data

of which: Total 1 2 Men Women Total

men women young workers during theprofessional insertion pe-

riod

aged under 25 inactivity duration of 2years and more

Total Men Women Total

2003 253,089 285,052 49,224 132,549 538,141 7.7 8.9 8.22004 271,250 305,363 52,022 136,956 576,612 7.5 9.5 8.42005 279,551 316,846 51,527 133,350 596,397 7.6 9.5 8.52006 278,778 309,483 43,584 126,375 225,847 588,261 7.4 9.3 8.32007 253,214 279,245 39,100 110,476 215,506 532,459 6.7 8.5 7.52008 242,542 262,323 36,924 103,222 197,350 504,865 6.5 7.6 7.02009 281,133 273,396 40,766 116,832 192,794 554,529 7.8 8.1 7.92010 290,200 276,992 41,644 116,752 196,080 567,192 8.1 8.5 8.32011 277,630 268,843 39,217 108,332 196,890 546,473 7.1 7.2 7.22012 289,492 270,875 45,430 113,808 197,004 560,367 7.3 7.4 7.32010 IV 283,572 270,910 43,824 113,930 196,523 554,482 7.7 8.1 7.92011 I 281,968 266,015 38,260 106,171 197,862 547,983 7.4 6.9 7.2

II 267,048 256,222 27,919 94,239 195,196 523,270 7.0 7.2 7.1III 284,996 287,289 48,687 123,631 198,712 572,285 7.2 7.4 7.3IV 276,508 265,845 42,001 109,288 195,789 542,353 7.1 7.3 7.2

2012 I 288,343 267,013 40,624 108,414 198,158 555,355 7.1 7.1 7.1II 275,274 256,220 36,475 97,918 194,802 531,494 7.2 7.7 7.4III 297,945 290,132 56,844 129,628 198,857 588,078 7.4 7.3 7.4IV 296,407 270,136 47,777 119,272 196,199 566,542 7.5 7.2 7.4

2012 February 290,770 267,915 41,688 110,030 198,262 558,685 7.1 7.1 7.1March 283,654 262,078 38,711 104,009 197,275 545,732 7.2 7.2 7.2April 278,601 257,751 36,840 99,772 196,007 536,352 7.2 7.6 7.4May 274,405 253,271 35,141 96,301 194,447 527,676 7.2 7.7 7.5June 272,817 257,638 37,443 97,680 193,951 530,455 7.3 7.7 7.5July 294,292 287,452 51,905 121,563 198,396 581,744 7.4 7.5 7.4August 300,562 298,152 60,016 134,210 199,486 598,714 7.4 7.4 7.4September 298,982 284,793 58,611 133,111 198,688 583,775 7.5 7.2 7.3October 296,917 274,560 52,097 124,527 196,729 571,477 7.5 7.2 7.4November 295,008 268,270 46,238 117,589 195,932 563,278 7.5 7.3 7.4December 297,295 267,577 44,995 115,699 195,935 564,872 7.6 7.3 7.4

2013 January 305,671 271,866 43,627 117,830 196,436 577,537 7.6 7.2 7.4February 303,853 268,546 42,854 115,874 195,348 572,399

Sources: EUROSTAT, NEO Calculations: NBB1 Annual or quarterly data: average of end-of-month data; monthly data: end-of-month data.2 The supression of the unemployment control at the end of 2005 makes difficult the comparison of the series before and after 2006.

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4. Industry

4.1 INDUSTRIAL PRODUCTION (NACE REV.2)

(gross indices year 2005 = 100)

Total industry Industrial groupings by destination of goods

Total Total industry excluding construction Construction Intermediary goods Energy Investment goods Consumer goodsTotal

Total Mining and quar-rying

Manufacturing in-dustry

Electricity, gas andwater supply

Construction Intermediary goods Energy Investment goods

Total Durable consumergoods

Non-durable con-sumer goods

NACE-div. 10 - 41 10 - 14 15 - 37 40 - 41 45

2010 Dec. 103.9 104.7 69.3 103.9 113.3 70.1 86.9 110.1 119.4 118.4 108.3 119.1

2011 Jan. 102.6 103.7 83.8 102.6 113.7 90.0 98.0 111.0 103.7 105.7 90.8 106.8Feb. 107.5 107.2 104.4 107.5 102.5 111.2 99.9 98.5 116.1 114.6 108.4 115.0March 126.5 124.5 95.9 126.5 105.1 130.1 114.7 101.9 137.8 140.2 121.1 141.6April 107.8 107.2 87.4 107.8 100.6 103.7 101.2 103.4 110.6 113.8 95.4 115.2May 116.7 115.5 120.2 116.7 101.0 124.6 110.3 102.9 129.3 117.3 110.1 117.8June 111.9 110.8 113.4 111.9 97.0 112.8 104.3 100.9 122.0 115.5 101.6 116.5July 94.3 95.2 91.5 94.3 102.7 54.9 88.4 103.4 86.8 105.8 86.3 107.3Aug. 102.4 103.0 117.3 102.4 106.8 109.9 93.7 107.2 94.1 120.3 97.0 122.1Sep. 118.7 117.4 112.7 118.7 103.1 127.0 107.9 104.5 131.3 126.7 125.2 126.7Oct. 110.2 110.0 111.8 110.2 106.8 116.4 99.5 104.7 123.7 117.1 109.7 117.6Nov. 108.7 108.8 108.2 108.7 108.1 114.2 98.8 106.9 122.2 113.2 104.1 113.9Dec. 104.7 105.2 92.6 104.7 108.1 88.5 88.2 110.2 126.1 112.2 101.6 113.0

2012 Jan. 102.3 102.9 91.3 102.3 105.7 99.3 95.8 108.0 104.6 106.8 99.4 107.4Feb. 104.3 103.7 80.9 104.3 95.3 114.7 96.8 97.1 111.0 110.5 111.1 110.3March 120.8 118.6 93.1 120.8 97.9 144.9 108.0 99.0 136.1 131.7 120.5 132.5April 102.5 102.0 107.2 102.5 93.4 111.4 96.4 101.0 108.5 103.7 97.2 104.1May 105.6 105.2 114.5 105.6 98.3 117.6 100.6 101.7 112.4 106.0 100.8 106.3June 113.7 111.7 114.5 113.7 90.2 121.0 104.4 96.8 129.2 116.3 121.7 115.8July 98.8 98.6 92.8 98.8 94.3 63.3 92.8 98.9 87.4 112.5 83.7 114.7Aug. 99.8 100.1 104.3 99.8 99.0 111.4 89.4 104.0 98.1 114.2 87.7 116.3Sep. 109.6 108.3 103.8 109.6 94.8 118.5 97.7 100.1 117.5 121.1 119.9 121.1Oct. 114.3 113.1 113.9 114.3 98.6 127.6 104.7 102.0 120.0 124.9 106.7 126.3Nov. 105.7 105.3 93.2 105.7 99.4 114.6 94.4 103.0 110.0 118.1 107.9 118.8Dec. 99.8 99.9 72.6 99.8 99.5 80.7 80.7 105.0 114.0 116.5 89.4 118.6

Source: GDSEI

N.B.: Provisional data for the last six months.

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5. Services

5.3 PAYMENT SYSTEMS AND INSTRUMENTS5.3.1 PAYMENT SYSTEMS BETWEEN BANKS

(monthly averages)

Number of transactions (thousands) Value of transactions (millions of euro)

TARGET2 ELLIPS 1 CEC Clearing House 2 Total TARGET2 ELLIPS 1 CEC Clearing House 2 Total

2003 215.5 84,858.8 131.8 85,206.1 1,846,650 46,024 5,448 1,898,1222004 230.9 84,078.5 109.8 84,419.1 2,090,126 48,731 4,935 2,143,7922005 231.9 79,302.0 48.3 79,582.2 2,471,581 52,707 4,059 2,528,3462006 237.7 80,501.6 42.5 80,781.8 2,823,246 55,751 4,100 2,883,0972007 273.2 84,278.9 39.8 84,591.9 3,868,629 62,232 4,102 3,934,9632008 88,588.8 36.4 89,005.3 66,917 3,688 4,824,3342009 345.5 93,552.4 93,918.3 3,836,485 67,071 3,905,3582010 364.5 97,497.9 97,862.4 3,494,050 70,577 3,564,6262011 370.1 102,062.9 102,433.0 3,945,055 73,889 4,018,9442012 362.0 107,926.4 108,288.4 3,456,731 75,761 3,532,4922010 IV 403.4 101,437.5 101,840.9 3,720,714 74,040 3,794,7532011 I 382.8 98,742.7 99,125.5 3,731,543 70,552 3,802,095

II 383.4 102,818.3 103,201.7 3,660,700 75,033 3,735,733III 355.7 101,186.0 101,541.7 4,139,133 72,358 4,211,491IV 358.4 105,504.7 105,863.2 4,248,843 77,612 4,326,455

2012 I 344.0 103,686.8 104,030.8 3,842,527 73,321 3,915,848II 366.4 107,689.6 108,056.0 3,426,469 76,359 3,502,828III 364.6 106,126.0 106,490.6 3,356,959 74,016 3,430,975IV 373.0 114,203.3 114,576.3 3,200,969 79,346 3,280,315

2011 December 369.7 112,726.9 113,096.6 4,279,847 85,069 4,364,9162012 January 339.0 107,399.2 107,738.2 4,033,226 76,668 4,109,894

February 327.5 98,371.1 98,698.6 3,800,926 70,010 3,870,936March 365.4 105,290.2 105,655.6 3,693,430 73,285 3,766,715April 348.2 107,861.7 108,209.9 3,276,792 76,328 3,353,120May 384.7 108,272.0 108,656.7 3,572,433 75,951 3,648,384June 366.3 106,935.1 107,301.4 3,430,181 76,798 3,506,979July 399.3 115,349.3 115,748.6 3,619,008 80,031 3,699,039August 351.8 104,290.1 104,641.9 3,238,396 72,081 3,310,477September 342.6 98,738.6 99,081.2 3,213,473 69,937 3,283,410October 405.8 117,494.0 117,899.8 3,497,822 81,724 3,579,546November 362.0 106,438.6 106,800.6 3,061,921 73,394 3,135,315December 351.1 118,677.3 119,028.4 3,043,165 82,919 3,126,084

Source: NBB Calculations: NBB1 From Februari 18th 2008 onwards the ELLIPS-system has been replaced by the TARGET2-system.2 The activities of the Clearing House ended on September 21th 2009 and have been transferred to the CEC.

Bibliographical reference: Statistical bulletin of the National Bank of Belgium, 1998-IV, p. 13-15

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7. Index prices

7.1 PRICE INDICES FOR RAW MATERIALS

(indices year 2010 = 100)

Daily averages Price indices for raw materials ,General index figure

Food Industrial raw materials Energy raw materials

Including ener-gy

Excluding ener-gy

Total Cereals Oilseeds, oils Tropical bever-ages, sugar

Total Agricultural rawmaterials

Non-ferrousmetals

Iron ore, scrapiron

Total Coal Crude oil

Weighting 100.0 20.8 5.4 1.4 1.9 2.1 15.4 4.3 7.9 3.2 79.2 4.5 74.6

2003 38.4 47.5 50.5 53.6 59.8 40.1 46.5 62.7 46.3 25.0 36.0 29.0 36.42004 50.2 57.8 56.8 57.9 70.9 43.5 58.1 69.8 60.7 36.0 48.1 55.1 47.72005 65.9 62.8 55.9 53.1 58.9 55.3 65.2 71.1 69.4 46.9 66.8 48.1 67.92006 79.8 81.2 61.8 66.6 57.4 62.4 88.1 78.9 106.7 54.1 79.5 50.6 81.22007 89.6 94.2 78.0 90.9 82.3 65.6 99.9 93.8 118.8 61.1 88.4 66.4 89.72008 118.9 100.6 104.6 129.7 115.2 78.5 99.1 89.9 105.1 96.9 123.8 130.7 123.32009 77.6 76.8 90.0 91.7 96.7 82.8 72.2 74.5 72.8 67.4 77.9 72.4 78.22010 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.02011 128.6 118.1 129.0 142.1 122.7 125.8 114.3 110.5 111.8 125.5 131.3 123.4 131.82012 125.1 103.1 122.5 143.4 135.0 97.4 96.3 92.1 95.7 103.3 130.9 98.6 132.82010 IV 108.8 111.7 118.2 124.9 118.0 113.9 109.3 108.0 110.5 108.2 108.1 110.0 107.92011 I 125.7 122.9 135.1 144.6 131.5 131.9 118.5 114.5 120.9 118.1 126.4 129.4 126.2

II 135.8 125.0 134.2 150.4 127.0 129.7 121.7 116.4 119.2 135.0 138.6 124.2 139.5III 128.4 120.5 130.5 142.8 123.9 128.0 117.0 112.5 112.2 134.9 130.5 123.9 130.9IV 124.7 104.5 116.3 130.8 108.5 113.5 100.3 98.9 95.5 114.1 130.0 116.2 130.9

2012 I 133.6 106.6 117.4 131.2 118.0 107.7 102.8 96.0 102.0 113.8 140.7 114.7 142.3II 122.8 102.7 116.7 127.5 132.8 95.3 97.7 94.7 94.1 111.0 128.1 98.1 129.9III 122.5 101.9 132.6 159.7 153.2 96.3 91.0 87.9 91.6 93.6 127.9 91.9 130.1IV 121.4 101.2 123.1 155.4 136.0 90.1 93.5 89.7 95.0 94.7 126.7 89.5 128.9

2012 February 134.1 107.4 117.5 131.1 116.6 109.2 103.8 96.5 103.9 113.2 141.1 117.4 142.6March 138.8 107.7 118.8 132.3 125.6 103.6 103.7 97.7 102.4 115.1 147.0 109.0 149.3April 134.0 106.2 118.7 128.6 133.7 98.9 101.8 98.2 98.0 116.1 141.3 105.6 143.5May 124.0 102.8 116.3 125.1 132.6 95.9 98.0 95.4 94.8 109.6 129.6 99.0 131.4June 110.4 99.1 115.2 128.7 132.0 91.2 93.4 90.4 89.4 107.3 113.3 89.8 114.7July 116.7 102.6 131.7 156.1 150.4 98.7 92.3 88.9 89.6 103.4 120.5 90.9 122.3August 124.7 100.4 133.7 163.2 155.7 94.5 88.5 86.8 88.2 91.6 131.2 93.6 133.4September 126.0 102.7 132.5 159.8 153.4 95.6 92.2 88.1 97.0 85.7 132.1 91.2 134.6October 122.8 101.9 126.9 157.4 141.1 93.8 93.0 89.6 94.9 92.9 128.3 85.4 130.9November 120.2 99.6 122.2 156.2 133.6 89.5 91.6 88.6 92.3 93.7 125.6 88.1 127.9December 121.2 102.2 120.2 152.5 133.2 87.1 95.8 90.9 97.8 97.5 126.2 95.0 128.0

2013 January 125.4 103.9 117.9 149.4 129.0 87.1 98.9 93.1 97.4 110.3 131.0 94.4 133.3February 128.0 105.5 117.2 145.9 132.2 84.5 101.4 96.9 98.2 115.3 133.9 94.8 136.3

Source: HWWI Recalculated: NBB

26

7.2 PRICE INDICES FOR PRODUCTION AND IMPORT AND THEIR COMPONENTS


Monthly averages or months Production and import index prices and their components (2005=100)Monthly averages or months

Prices of agricul-tural and horticul-

tural products

Industrial produc-tion prices, do-mestic market

Unit value of im-ported products

Production andimport prices

2003 105.8 88.5 92.1 91.32004 97.2 94.6 94.0 94.42005 100.0 100.0 100.0 100.02006 107.0 105.8 105.3 105.62007 112.4 107.9 108.2 108.32008 111.9 118.0 113.4 115.22009 99.8 109.6 103.0 105.42010 108.5 115.5 113.1 113.82011 111.4 124.8 122.6 123.02012 123.0 129.22010 IV 114.8 118.1 116.9 117.32011 I 117.8 123.5 120.6 121.6

II 116.2 126.2 122.7 123.8III 105.9 125.1 122.8 122.9IV 109.2 124.6 124.4 123.8

2012 I 118.3 127.6 126.4 126.5II 116.1 129.2 125.9 126.8III 122.4 128.9 128.2 128.2IV 135.2 131.3

2012 January 109.9 125.8 123.1 123.5February 121.6 128.3 127.4 127.5March 123.3 128.6 128.8 128.4April 118.9 129.0 126.2 126.9May 120.4 129.4 126.9 127.6June 109.0 129.2 124.8 125.8July 111.7 128.7 125.4 126.0August 121.4 128.7 128.9 128.5September 134.0 129.2 130.1 130.0October 121.4 130.3 127.6 128.4November 141.6 131.0 130.1 131.1December 142.5 132.6

2013 January 132.7

Sources: GDSEI, NBB Recalculated: NBB

27

7.3 PRODUCER PRICE INDICES

Monthly averages ormonths

Producer price indices - total market : summary table (2005 = 100)Monthly averages ormonths

General indexfig re

General indexfig re e cept

Indices according to type of industry Indices according to the utilisation of the productsGeneral indexfigure

General indexfigure, except

energy Mining andq arr ing

Manufacturing(10 33)

Production ands ppl of elec

Manufacture ofmetal prod cts

Intermediateprod cts and

Intermediateprod cts e cept

Consumer goods Investmentgoods

Energyenergy Mining andquarrying(05-09)

Manufacturing(10-33)

Production andsupply of elec-

tricity, gas,steam and air-

conditioned

Manufacture ofmetal products,machinery and

equipment(25-30)

Intermediateproducts and

energy

Intermediateproducts except

energy Durable con-sumer goods

Non-durableconsumer

goods

Total

Investmentgoods

Energy

2003 87.6 93.4 92.3 87.4 89.5 98.6 82.5 88.7 100.2 96.9 97.3 99.1 76.72004 94.3 97.8 95.1 94.0 95.4 99.1 91.8 96.3 98.8 98.6 98.6 99.9 87.62005 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.02006 106.1 103.3 102.0 106.0 107.9 103.0 108.7 105.2 99.9 101.8 101.6 101.4 112.12007 108.6 106.7 104.9 109.5 106.0 104.3 111.2 109.8 100.2 104.9 104.4 103.0 112.22008 117.3 109.4 107.5 115.7 129.3 105.5 124.6 114.1 100.8 107.2 106.5 103.4 135.92009 110.9 108.3 107.4 110.9 112.2 104.7 114.1 112.2 102.0 107.9 107.2 102.0 114.72010 118.7 112.5 108.5 119.2 115.5 105.8 125.7 119.0 102.1 109.5 108.7 104.3 131.32011 129.3 119.2 110.2 129.2 131.2 108.9 141.6 130.1 105.7 113.1 112.2 106.9 154.62012 134.1 121.7 117.3 133.6 138.7 111.6 147.5 131.7 107.8 116.7 115.7 110.3 167.22010 IV 121.4 114.7 108.5 121.8 118.6 106.0 129.6 122.9 103.9 110.9 110.1 104.5 135.22011 I 127.4 118.3 109.8 127.3 128.9 108.6 138.7 128.7 104.9 112.5 111.7 106.4 149.1

II 130.6 119.9 110.2 130.1 135.2 108.9 143.6 131.7 105.8 113.5 112.6 106.6 156.7III 129.7 119.5 110.4 129.7 131.2 109.2 142.1 130.6 105.9 113.2 112.4 107.3 155.3IV 129.6 118.9 110.5 129.7 129.4 109.0 141.9 129.3 106.2 113.1 112.3 107.2 157.4

2012 I 133.0 120.4 117.1 132.8 134.9 110.2 146.4 130.3 107.3 115.7 114.8 108.7 168.1II 134.2 122.1 117.3 133.7 138.9 111.8 147.3 132.1 107.9 117.2 116.2 110.6 165.8III 134.2 121.9 117.4 134.1 135.8 112.2 147.5 131.9 107.9 116.4 115.5 111.0 167.7IV 135.1 122.5 117.3 133.9 145.3 112.2 148.7 132.6 108.0 117.3 116.3 110.9 167.2

2012 January 131.2 119.6 116.8 131.5 130.3 109.8 144.0 129.6 107.1 114.4 113.6 108.3 163.2February 133.3 120.4 117.2 132.7 137.9 110.4 146.8 130.2 107.3 115.8 114.9 108.9 168.5March 134.4 121.1 117.3 134.2 136.4 110.3 148.4 131.1 107.4 116.8 115.8 108.9 172.6April 134.9 122.0 117.3 134.8 136.3 111.3 148.6 132.1 107.7 117.3 116.3 110.2 171.1May 134.4 122.3 117.3 133.9 139.3 111.9 147.8 132.6 108.0 117.0 116.0 110.6 166.3June 133.2 122.0 117.3 132.3 141.2 112.1 145.4 131.7 107.9 117.4 116.4 110.9 159.9July 133.2 121.1 117.3 132.5 138.9 112.1 145.8 130.4 107.9 116.3 115.4 110.9 164.3August 134.4 121.9 117.5 134.4 134.4 112.3 147.7 131.9 107.9 116.4 115.5 111.1 168.8September 135.1 122.6 117.5 135.3 134.0 112.3 148.9 133.4 107.9 116.6 115.7 111.0 170.0October 135.1 122.6 117.5 134.7 138.8 112.3 148.7 132.9 108.0 117.1 116.1 111.0 168.7November 135.0 122.5 117.3 133.9 143.9 112.1 148.6 132.7 108.0 117.3 116.3 110.8 167.0December 135.2 122.4 117.2 133.0 153.1 112.1 148.9 132.3 108.0 117.5 116.5 110.8 165.8

2013 January 135.4 122.7 119.7 133.2 152.6 112.1 148.8 132.6 108.9 118.2 117.2 110.9 165.3

Source: GDSEI Recalculated: NBB

28

7.4 CONSUMER PRICE IN BELGIUM


Monthly averagesor months

Health in-dex

Overall in-dex 1

Functional classification Classification by product groupMonthly averagesor months

Health index

Overall index 1

Food pro-ducts

Non-foodproducts

Services Rents Food prod-ucts and

beverages

Tobacco Clothingand foot-

wear

Housing,water, elec-tricity, gasand other

fuels

Furnishing,house

equipment,currentmainte-nance of

house

Health ex-penses

Transport Communi-cations

Culture andleisure

Education Hotels,café and

restaurant

Othergoods andservices

Weighting 100,000 19,234 44,328 30,205 6,233 19,234 1,049 6,237 15,696 7,284 4,249 15,615 3,662 12,353 0,576 7,026 7,019

2005 102.15 102.79 101.93 103.60 102.34 101.99 101.93 102.84 100.33 105.32 100.94 102.40 105.85 101.01 100.83 102.16 102.89 102.072006 103.95 104.63 104.19 105.21 103.85 105.56 104.19 105.88 100.61 110.36 101.38 104.78 107.40 95.18 100.34 105.47 105.83 104.702007 105.79 106.53 107.96 106.28 105.82 107.44 107.96 116.82 101.20 111.90 103.51 104.62 108.36 92.35 101.28 107.88 108.67 108.472008 110.25 111.32 114.25 112.60 107.94 109.48 114.25 121.89 102.23 125.08 105.99 103.51 112.57 89.63 102.73 109.93 112.99 111.342009 110.90 111.26 115.46 109.54 111.01 111.68 115.46 124.98 103.48 119.99 108.58 104.22 108.90 89.20 104.79 112.54 116.94 114.452010 112.76 113.69 117.23 113.01 112.60 112.92 117.23 129.41 104.26 124.08 110.22 103.18 114.34 87.19 106.27 116.15 119.51 116.172011 116.21 117.71 120.08 118.95 115.11 114.13 120.08 131.16 105.40 134.23 111.66 103.30 120.86 87.49 107.62 116.60 122.67 119.802012 119.29 121.05 123.67 122.21 118.75 115.86 123.67 135.87 106.67 139.30 113.85 103.60 123.97 89.37 110.80 119.38 125.96 124.962010 IV 113.62 114.65 117.74 114.47 113.25 113.22 117.74 130.23 104.86 126.62 110.57 103.12 115.96 87.85 106.16 115.72 120.41 117.182011 I 114.94 116.30 118.87 116.87 114.38 113.65 118.87 130.20 104.70 130.23 110.80 103.36 119.05 88.10 107.88 115.72 120.89 118.75

II 115.99 117.58 120.03 118.90 114.79 114.09 120.03 130.77 105.00 134.09 111.31 103.19 121.30 87.86 107.12 115.72 122.22 119.47III 116.61 118.13 120.23 119.52 115.54 114.26 120.23 131.74 105.46 135.62 111.80 103.33 121.33 87.24 107.38 115.72 124.21 120.02IV 117.29 118.82 121.21 120.51 115.70 114.53 121.21 131.95 106.42 136.97 112.75 103.31 121.75 86.75 108.10 119.24 123.36 120.95

2012 I 118.74 120.44 122.54 122.10 117.74 115.26 122.54 132.06 106.16 139.27 113.35 104.11 123.52 90.39 110.38 119.24 123.83 123.99II 119.05 120.81 123.20 122.08 118.45 115.80 123.20 134.97 106.29 139.28 113.67 103.72 123.72 89.21 110.72 119.24 125.61 124.58III 119.40 121.25 123.65 122.17 119.44 116.09 123.65 137.56 106.74 139.16 113.95 103.26 124.48 88.81 110.88 119.24 127.67 125.31IV 119.96 121.70 125.28 122.49 119.37 116.29 125.28 138.91 107.48 139.49 114.43 103.30 124.14 89.08 111.22 119.79 126.73 125.94

2012 February 118.97 120.59 122.85 122.16 117.91 115.42 122.85 132.06 105.96 139.39 113.51 104.07 123.24 90.21 111.30 119.24 124.04 123.95March 119.01 120.85 122.97 122.65 117.98 115.42 122.97 132.11 106.00 140.03 113.42 104.23 124.52 90.20 110.52 119.24 124.15 124.25April 118.99 120.93 122.96 122.83 117.94 115.60 122.96 132.88 106.15 140.05 113.60 103.96 125.03 89.34 109.86 119.24 125.37 124.30May 119.15 120.89 123.40 122.15 118.46 115.90 123.40 135.48 106.32 139.47 113.65 103.81 123.56 89.35 110.94 119.24 125.41 124.70June 119.00 120.61 123.23 121.26 118.96 115.91 123.23 136.56 106.41 138.31 113.76 103.38 122.58 88.94 111.35 119.24 126.06 124.73July 119.21 120.83 123.24 121.29 119.60 116.04 123.24 136.96 106.41 138.50 113.74 103.29 122.95 88.94 111.01 119.24 128.17 125.02August 119.47 121.36 123.72 122.28 119.60 116.01 123.72 137.40 106.81 139.31 114.02 103.24 124.73 88.77 110.84 119.24 128.16 125.24September 119.52 121.57 123.99 122.93 119.13 116.22 123.99 138.32 106.99 139.66 114.08 103.26 125.75 88.72 110.79 119.24 126.69 125.67October 119.87 121.79 125.10 122.81 119.31 116.27 125.10 138.82 107.35 139.63 114.29 103.40 125.16 89.25 110.87 119.79 126.75 125.84November 119.95 121.65 125.40 122.38 119.29 116.29 125.40 138.96 107.53 139.43 114.52 103.25 123.84 89.18 111.19 119.79 126.37 125.98December 120.06 121.66 125.35 122.29 119.50 116.31 125.35 138.94 107.56 139.42 114.48 103.24 123.42 88.82 111.61 119.79 127.08 126.01

2013 January 120.00 121.63 126.37 121.68 119.56 116.60 126.37 139.00 103.25 139.78 114.29 104.17 123.32 88.99 111.40 119.79 126.38 126.58February 120.27 122.02 127.17 121.74 120.24 116.71 127.17 139.19 102.75 138.60 114.84 104.47 124.11 88.52 113.01 119.79 127.22 127.05

Source: GDSEI Recalculated: NBB1 To convert to indices in base 1996=100, we must use the next coefficients: 1,1609 for general index and 1,1377 for health index. For functional classification: 1,1493 for the food products, 1,1246 for the non-food products, 1,1788 for services and 1,1510 voor rents. For the classification

by groups of products: 1,1609 for the food products, 1,4190 for tobacco, 1,0746 for clothes and shoes, 1,1823 for housing, water, electricity, 1,1052 for furniture, household equipment, 1,1418 for health expenditure, 1,2045 for transport, 0,9400 for communication, 1,0629 for leisureand culture, 1,1670 for education, 1,2228 for hotels, cafés and restaurant, 1,1719 for other goods and services.

29

8. Foreign trade of Belgium according to the national concept

Important remark

Temporary differences may appear between the figures given in the foreign trade statistics andthe data used in the National Bank of Belgium’s Annual Report owing to a different revisionschedule.

8.1 BELGIAN FOREIGN TRADE ACCORDING TO THE NATIONAL CONCEPT: MONTHLY DEVELOPMENT

(millions of euro)

Export Import Trade balance

Total Intra-EU 1 Extra-EU Total Intra-EU 1 Extra-EU Total Intra-EU 1 Extra-EU

2009 December 15,851.3 11,160.7 4,690.5 16,744.5 12,426.5 4,318.0 -893.2 -1,265.8 372.52010 January 14,925.2 10,816.1 4,109.2 15,955.4 11,701.7 4,253.8 -1,030.2 -885.6 -144.6

February 15,449.9 11,249.9 4,200.0 15,853.3 12,069.2 3,784.1 -403.4 -819.3 415.9March 18,661.0 13,668.1 4,992.9 18,707.9 13,770.7 4,937.2 -46.9 -102.6 55.7April 17,169.1 12,585.5 4,583.6 17,490.3 12,962.7 4,527.6 -321.2 -377.2 56.0May 16,764.5 12,179.1 4,585.4 17,004.4 12,268.5 4,736.0 -239.9 -89.4 -150.6June 19,506.1 13,714.0 5,792.1 18,865.2 13,805.6 5,059.6 640.9 -91.7 732.5July 17,280.6 11,870.7 5,409.9 16,769.0 12,196.3 4,572.7 511.6 -325.6 837.2August 15,852.9 11,248.2 4,604.7 16,518.0 11,761.7 4,756.3 -665.1 -513.5 -151.6September 19,348.9 13,758.8 5,590.1 18,691.2 13,686.9 5,004.3 657.7 71.9 585.8October 18,971.3 13,576.9 5,394.4 19,179.0 14,114.4 5,064.6 -207.7 -537.5 329.8November 18,671.6 13,460.1 5,211.5 19,556.8 14,172.1 5,384.8 -885.2 -711.9 -173.3December 17,404.7 12,558.0 4,846.8 19,000.5 14,487.6 4,512.8 -1,595.8 -1,929.7 333.9

2011 January 18,708.3 13,241.3 5,466.9 20,083.2 14,128.7 5,954.5 -1,374.9 -887.3 -487.6February 19,726.4 13,581.2 6,145.2 20,043.0 14,861.9 5,181.1 -316.6 -1,280.7 964.0March 22,694.6 15,904.7 6,789.9 22,978.0 16,836.2 6,141.8 -283.4 -931.5 648.0April 19,787.2 13,731.2 6,056.0 19,963.0 14,485.2 5,477.8 -175.8 -754.1 578.3May 21,500.2 14,933.8 6,566.4 22,194.4 15,920.4 6,273.9 -694.2 -986.6 292.5June 20,536.7 14,509.5 6,027.1 20,786.6 15,262.6 5,524.0 -249.9 -753.1 503.1July 19,355.0 13,012.9 6,342.1 19,086.8 13,821.8 5,265.0 268.2 -808.9 1,077.1August 17,715.0 12,720.9 4,994.1 19,820.1 14,129.4 5,690.7 -2,105.1 -1,408.5 -696.6September 20,129.0 14,533.7 5,595.3 20,891.8 15,718.5 5,173.3 -762.8 -1,184.9 422.1October 19,828.7 13,717.6 6,111.2 19,945.8 14,590.3 5,355.5 -117.1 -872.7 755.7November 19,886.2 13,896.7 5,989.5 20,980.6 15,401.0 5,579.6 -1,094.4 -1,504.4 409.9December 18,284.2 12,457.2 5,827.0 20,379.4 15,134.0 5,245.4 -2,095.2 -2,676.8 581.6

2012 January p 19,104.0 13,509.9 5,594.1 20,691.6 15,105.6 5,586.0 -1,587.6 -1,595.8 8.1February p 20,655.6 14,139.2 6,516.4 21,183.6 15,669.2 5,514.4 -528.0 -1,530.0 1,002.0March p 22,549.0 15,514.7 7,034.3 22,873.2 16,962.4 5,910.8 -324.2 -1,447.7 1,123.5April p 20,018.5 13,583.0 6,435.5 20,455.2 14,993.9 5,461.3 -436.7 -1,410.9 974.3May p 20,209.6 14,014.6 6,195.1 20,852.3 15,254.3 5,598.0 -642.7 -1,239.7 597.1June p 20,493.3 14,094.6 6,398.7 20,679.2 15,291.8 5,387.5 -185.9 -1,197.2 1,011.2July p 19,706.2 13,234.6 6,471.7 19,584.8 14,263.2 5,321.6 121.4 -1,028.6 1,150.1August p 18,014.7 12,708.3 5,306.4 19,387.2 13,939.6 5,447.6 -1,372.5 -1,231.3 -141.2September p 19,323.5 13,647.2 5,676.3 19,622.8 14,550.5 5,072.2 -299.3 -903.3 604.1October p 20,863.6 14,812.0 6,051.6 21,210.5 15,814.9 5,395.6 -346.9 -1,002.9 656.0November p 19,984.3 13,963.2 6,021.1 21,361.0 15,941.2 5,419.8 -1,376.7 -1,977.9 601.3December p 18,032.8 11,916.5 6,116.4 19,145.2 14,234.2 4,911.0 -1,112.4 -2,317.7 1,205.4

Sources: NAI, NBB Calculations: NBB1 Adjusted results - see point 6.2 of the methodological note at the end of the monthly bulletin - Foreign trade statistic.

32

8.2 BELGIAN FOREIGN TRADE ACCORDING TO THE NATIONAL CONCEPT: CUMULATIVE DEVELOPMENT

(millions of euro)

Export Import Trade balance

Total Intra-EU 1 Extra-EU Total Intra-EU 1 Extra-EU Total Intra-EU 1 Extra-EU

2009 Jan.-Dec. 177,727.0 134,121.3 43,605.7 182,507.3 135,789.5 46,717.7 -4,780.3 -1,667.9 -3,111.92010 Jan. 14,925.2 10,816.1 4,109.2 15,955.4 11,701.7 4,253.8 -1,030.2 -885.6 -144.6

Jan.-Feb. 30,375.1 22,066.0 8,309.2 31,808.7 23,770.9 8,037.9 -1,433.6 -1,704.9 271.3Jan.-March 49,036.1 35,734.1 13,302.1 50,516.6 37,541.6 12,975.1 -1,480.5 -1,807.5 327.0Jan.-April 66,205.2 48,319.6 17,885.7 68,006.9 50,504.3 17,502.7 -1,801.7 -2,184.7 383.0Jan.-May 82,969.7 60,498.7 22,471.1 85,011.3 62,772.8 22,238.7 -2,041.6 -2,274.1 232.4Jan.-June 102,475.8 74,212.7 28,263.2 103,876.5 76,578.4 27,298.3 -1,400.7 -2,365.8 964.9Jan.-July 119,756.4 86,083.4 33,673.1 120,645.5 88,774.7 31,871.0 -889.1 -2,691.4 1,802.1Jan.-Aug. 135,609.3 97,331.6 38,277.8 137,163.5 100,536.4 36,627.3 -1,554.2 -3,204.9 1,650.5Jan.-Sep. 154,958.2 111,090.4 43,867.9 155,854.7 114,223.3 41,631.6 -896.5 -3,133.0 2,236.3Jan.-Oct. 173,929.5 124,667.3 49,262.3 175,033.7 128,337.7 46,696.2 -1,104.2 -3,670.5 2,566.1Jan.-Nov. 192,601.1 138,127.4 54,473.8 194,590.5 142,509.8 52,081.0 -1,989.4 -4,382.4 2,392.8Jan.-Dec. 210,005.8 150,685.4 59,320.6 213,591.0 156,997.4 56,593.8 -3,585.2 -6,312.1 2,726.7

2011 Jan. 18,708.3 13,241.3 5,466.9 20,083.2 14,128.7 5,954.5 -1,374.9 -887.3 -487.6Jan.-Feb. 38,434.7 26,822.5 11,612.1 40,126.2 28,990.6 11,135.6 -1,691.5 -2,168.0 476.4Jan.-March 61,129.3 42,727.2 18,402.0 63,104.2 45,826.8 17,277.4 -1,974.9 -3,099.5 1,124.4Jan.-April 80,916.5 56,458.4 24,458.0 83,067.2 60,312.0 22,755.2 -2,150.7 -3,853.6 1,702.7Jan.-May 102,416.7 71,392.2 31,024.4 105,261.6 76,232.4 29,029.1 -2,844.9 -4,840.2 1,995.2Jan.-June 122,953.4 85,901.7 37,051.5 126,048.2 91,495.0 34,553.1 -3,094.8 -5,593.3 2,498.3Jan.-July 142,308.4 98,914.6 43,393.6 145,135.0 105,316.8 39,818.1 -2,826.6 -6,402.2 3,575.4Jan.-Aug. 160,023.4 111,635.5 48,387.7 164,955.1 119,446.2 45,508.8 -4,931.7 -7,810.7 2,878.8Jan.-Sep. 180,152.4 126,169.2 53,983.0 185,846.9 135,164.7 50,682.1 -5,694.5 -8,995.6 3,300.9Jan.-Oct. 199,981.1 139,886.8 60,094.2 205,792.7 149,755.0 56,037.6 -5,811.6 -9,868.3 4,056.6Jan.-Nov. 219,867.3 153,783.5 66,083.7 226,773.3 165,156.0 61,617.2 -6,906.0 -11,372.7 4,466.5Jan.-Dec. 238,151.5 166,240.7 71,910.7 247,152.7 180,290.0 66,862.6 -9,001.2 -14,049.5 5,048.1

2012 Jan. p 19,104.0 13,509.9 5,594.1 20,691.6 15,105.6 5,586.0 -1,587.6 -1,595.8 8.1Jan.-Feb. p 39,759.6 27,649.1 12,110.5 41,875.2 30,774.8 11,100.4 -2,115.6 -3,125.8 1,010.1Jan.-March p 62,308.6 43,163.8 19,144.8 64,748.4 47,737.2 17,011.2 -2,439.8 -4,573.5 2,133.6Jan.-April p 82,327.1 56,746.8 25,580.3 85,203.6 62,731.1 22,472.5 -2,876.5 -5,984.4 3,107.9Jan.-May p 102,536.7 70,761.4 31,775.4 106,055.9 77,985.4 28,070.5 -3,519.2 -7,224.1 3,705.0Jan.-June p 123,030.0 84,856.0 38,174.1 126,735.1 93,277.2 33,458.0 -3,705.1 -8,421.3 4,716.2Jan.-July p 142,736.2 98,090.6 44,645.8 146,319.9 107,540.4 38,779.6 -3,583.7 -9,449.9 5,866.3Jan.-Aug. p 160,750.9 110,798.9 49,952.2 165,707.1 121,480.0 44,227.2 -4,956.2 -10,681.2 5,725.1Jan.-Sep. p 180,074.4 124,446.1 55,628.5 185,329.9 136,030.5 49,299.4 -5,255.5 -11,584.5 6,329.2Jan.-Oct. p 200,938.0 139,258.1 61,680.1 206,540.4 151,845.4 54,695.0 -5,602.4 -12,587.4 6,985.2Jan.-Nov. p 220,922.3 153,221.3 67,701.2 227,901.4 167,786.6 60,114.8 -6,979.1 -14,565.3 7,586.5Jan.-Dec. p 238,955.1 165,137.8 73,817.6 247,046.6 182,020.8 65,025.8 -8,091.5 -16,883.0 8,791.9

Sources: NAI, NBB Calculations: NBB1 Adjusted results - see point 6.2 of the methodological note at the end of the monthly bulletin - Foreign trade statistic.

33

8.3 BELGIAN FOREIGN TRADE ACCORDING TO THE NATIONAL CONCEPT: MONTHLY INDICES


Values 1 Volume 2 Unit value Terms of trade 3

Export Import Export Import Export Import

Terms of trade

2009 December 120.3 131.4 105.3 114.6 114.3 114.6 99.72010 January 113.3 125.2 93.4 104.7 121.3 119.5 101.5

February 117.3 124.4 98.3 103.8 119.3 119.8 99.5March 141.7 146.8 119.3 121.7 118.8 120.5 98.6April 130.3 137.2 106.4 112.1 122.5 122.4 100.0May 127.3 133.4 103.6 107.3 122.9 124.2 98.9June 148.1 148.0 119.1 117.4 124.3 126.0 98.7July 131.2 131.6 106.5 105.0 123.2 125.3 98.3August 120.4 129.6 97.7 103.8 123.2 124.8 98.7September 146.9 146.6 117.8 116.2 124.7 126.1 98.9October 144.0 150.4 115.2 118.7 125.1 126.7 98.7November 141.8 153.4 112.2 119.0 126.4 128.9 98.1December 132.2 149.1 102.5 112.8 128.9 132.2 97.5

2011 January 142.0 157.6 107.8 116.7 131.7 134.9 97.6February 149.8 157.2 112.1 116.4 133.6 135.1 98.9March 172.3 180.3 127.3 131.4 135.3 137.2 98.7April 150.2 156.6 111.0 113.3 135.4 138.2 97.9May 163.2 174.1 119.8 125.3 136.3 138.9 98.1June 155.9 163.1 115.1 117.2 135.5 139.2 97.4July 147.0 149.7 108.1 106.8 135.9 140.1 97.0August 134.5 155.5 98.5 110.3 136.6 140.9 96.9September 152.8 163.9 112.0 116.4 136.5 140.8 97.0October 150.5 156.5 109.5 110.7 137.5 141.4 97.2November 151.0 164.6 108.6 115.7 139.1 142.3 97.7December 138.8 159.9 101.8 112.3 136.4 142.4 95.8

2012 January p 145.9 163.8 105.3 114.0 138.5 143.6 96.5February p 157.7 167.7 111.0 113.7 142.1 147.4 96.4March p 172.2 181.0 122.1 122.3 141.0 148.0 95.3April p 152.9 161.9 108.0 110.0 141.5 147.2 96.2May p 154.3 165.0 110.6 113.5 139.5 145.4 96.0June p 156.5 163.7 112.6 114.0 139.0 143.5 96.8July p 150.5 155.0 107.6 105.9 139.8 146.4 95.5August p 137.6 153.4 98.9 103.5 139.1 148.2 93.8September p 147.6 155.3 104.8 106.3 140.8 146.1 96.3October p 159.3 167.9 113.2 115.2 140.8 145.7 96.6November p 152.6 169.1 109.4 115.4 139.5 146.4 95.2December p 137.7 151.5 97.8 103.4 140.8 146.5 96.1

Sources: NAI, NBB Calculations: NAI1 Adjusted results - see point 6.2 of the methodological note at the end of the monthly bulletin - Foreign trade statistic.2 Quantity index QI = (value index VI/unit value indices UVI) x 100.3 Indices of the terms of trade = (unit value indices at export/unit value indices at import )X100

34

8.4 BELGIAN FOREIGN TRADE ACCORDING TO THE NATIONAL CONCEPT: PERCENTAGE CHANGES, CUMULATIVE DATA

(percentage changes in relation to the corresponding period of the preceding year)

Values Volume Unit price

Export Import Export Import Export Import

2009 Jan.-Dec. -19.8 -21.5 -13.7 -12.6 -7.0 -10.32010 Jan. 9.3 6.6 5.9 4.8 3.3 1.7

Jan.-Feb. 9.5 8.0 6.5 4.5 2.8 3.3Jan.-March 14.6 11.4 11.5 7.5 2.7 3.6Jan.-April 16.1 14.0 11.7 8.6 4.0 4.9Jan.-May 17.5 15.6 12.1 9.1 4.8 5.9Jan.-June 19.1 16.8 12.8 9.2 5.6 6.9Jan.-July 18.8 16.9 12.1 8.8 5.9 7.4Jan.-Aug. 19.5 17.5 12.5 9.0 6.2 7.8Jan.-Sep. 19.4 17.2 12.2 8.3 6.4 8.2Jan.-Oct. 19.3 16.9 12.0 7.6 6.6 8.6Jan.-Nov. 19.0 17.4 11.3 7.6 6.9 9.1Jan.-Dec. 18.2 17.0 10.0 6.7 7.4 9.7

2011 Jan. 25.3 25.9 15.4 11.4 8.6 12.9Jan.-Feb. 26.5 26.1 14.7 11.8 10.3 12.8Jan.-March 24.7 24.9 11.7 10.4 11.6 13.2Jan.-April 22.2 22.1 9.8 8.0 11.3 13.1Jan.-May 23.4 23.8 11.0 9.7 11.2 12.8Jan.-June 20.0 21.4 8.3 7.9 10.8 12.4Jan.-July 18.8 20.3 7.3 7.1 10.7 12.3Jan.-Aug. 18.0 20.3 6.5 7.0 10.8 12.4Jan.-Sep. 16.3 19.2 5.1 6.2 10.6 12.3Jan.-Oct. 15.0 17.6 4.0 4.8 10.5 12.2Jan.-Nov. 14.2 16.5 3.4 4.0 10.5 12.0Jan.-Dec. 13.4 15.7 3.0 3.7 10.1 11.6

2012 Jan. p 2.7 4.0 -2.4 -2.3 5.2 6.4Jan.-Feb. p 4.1 5.3 -1.6 -2.3 5.8 7.8Jan.-March p 2.5 3.5 -2.6 -4.0 5.2 7.8Jan.-April p 2.3 3.5 -2.6 -3.7 5.1 7.5Jan.-May p 0.7 1.7 -3.6 -4.9 4.5 6.9Jan.-June p 0.6 1.4 -3.4 -4.5 4.2 6.3Jan.-July p 0.9 1.7 -3.0 -4.1 4.0 6.0Jan.-Aug. p 1.0 1.4 -2.6 -4.3 3.7 5.9Jan.-Sep. p 0.5 0.6 -3.0 -4.8 3.7 5.7Jan.-Oct. p 1.1 1.3 -2.4 -4.0 3.5 5.4Jan.-Nov. p 1.1 1.4 -2.1 -3.6 3.3 5.2Jan.-Dec. p 0.9 0.9 -2.3 -4.0 3.3 5.0

Sources: NAI, NBB Calculations: NAI

35

10. Exchange rates

10.1 REFERENCE EXCHANGE RATES OF THE EURO

(national currency units, daily averages)

US dollar Japanese yen Danish krone Swedish krona Pound sterling Norwegian krone Czech koruna Hungarian forint Polish zloty Swiss franc Canadian dollar Australian dollar

2003 1.1312 130.97 7.4307 9.1242 0.6920 8.0033 31.846 253.62 4.3996 1.5212 1.5817 1.73792004 1.2439 134.44 7.4399 9.1243 0.6787 8.3697 31.891 251.66 4.5268 1.5438 1.6167 1.69052005 1.2441 136.85 7.4518 9.2822 0.6838 8.0092 29.782 248.05 4.0230 1.5483 1.5087 1.63202006 1.2556 146.02 7.4591 9.2544 0.6817 8.0472 28.342 264.26 3.8959 1.5729 1.4237 1.66682007 1.3705 161.25 7.4506 9.2501 0.6843 8.0165 27.766 251.35 3.7837 1.6427 1.4678 1.63482008 1.4708 152.45 7.4560 9.6152 0.7963 8.2237 24.946 251.51 3.5121 1.5874 1.5594 1.74162009 1.3948 130.34 7.4462 10.6191 0.8909 8.7278 26.435 280.33 4.3276 1.5100 1.5850 1.77272010 1.3257 116.24 7.4473 9.5373 0.8578 8.0043 25.284 275.48 3.9947 1.3803 1.3651 1.44232011 1.3920 110.96 7.4506 9.0298 0.8679 7.7934 24.590 279.37 4.1206 1.2326 1.3761 1.34842012 1.2848 102.49 7.4437 8.7041 0.8109 7.4751 25.149 289.25 4.1847 1.2053 1.2842 1.24072010 IV 1.3583 112.10 7.4547 9.2139 0.8594 8.0499 24.789 275.77 3.9666 1.3225 1.3757 1.37472011 I 1.3680 112.57 7.4550 8.8642 0.8539 7.8236 24.375 272.43 3.9460 1.2871 1.3484 1.3614

II 1.4391 117.41 7.4573 9.0153 0.8827 7.8259 24.324 266.42 3.9596 1.2514 1.3932 1.3550III 1.4127 109.77 7.4506 9.1451 0.8776 7.7652 24.387 275.10 4.1527 1.1649 1.3841 1.3459IV 1.3482 104.22 7.4398 9.0910 0.8573 7.7602 25.276 303.47 4.4207 1.2293 1.3788 1.3316

2012 I 1.3108 103.99 7.4350 8.8529 0.8345 7.5868 25.084 296.85 4.2329 1.2080 1.3128 1.2425II 1.2814 102.59 7.4349 8.9133 0.8100 7.5582 25.269 293.98 4.2595 1.2015 1.2948 1.2699III 1.2502 98.30 7.4457 8.4354 0.7915 7.3910 25.082 283.05 4.1366 1.2035 1.2447 1.2035IV 1.2967 105.12 7.4590 8.6230 0.8074 7.3664 25.167 283.25 4.1123 1.2080 1.2850 1.2484

2012 February 1.3224 103.77 7.4341 8.8196 0.8370 7.5522 25.042 290.68 4.1835 1.2071 1.3193 1.2327March 1.3201 108.88 7.4354 8.8873 0.8345 7.5315 24.676 292.26 4.1370 1.2061 1.3121 1.2538April 1.3162 107.00 7.4393 8.8650 0.8219 7.5698 24.809 294.81 4.1782 1.2023 1.3068 1.2718May 1.2789 101.97 7.4335 8.9924 0.8037 7.5655 25.313 293.67 4.2936 1.2012 1.2916 1.2825June 1.2526 99.26 7.4325 8.8743 0.8058 7.5401 25.640 293.57 4.2973 1.2011 1.2874 1.2550July 1.2288 97.07 7.4384 8.5451 0.7883 7.4579 25.447 286.28 4.1837 1.2011 1.2461 1.1931August 1.2400 97.58 7.4454 8.2805 0.7888 7.3239 25.021 278.93 4.0934 1.2011 1.2315 1.1841September 1.2856 100.49 7.4539 8.4929 0.7982 7.3944 24.752 284.22 4.1345 1.2089 1.2583 1.2372October 1.2974 102.47 7.4582 8.6145 0.8067 7.4076 24.939 282.09 4.1071 1.2098 1.2801 1.2596November 1.2828 103.93 7.4587 8.6076 0.8039 7.3371 25.365 282.26 4.1321 1.2052 1.2787 1.2331December 1.3119 109.71 7.4604 8.6512 0.8124 7.3503 25.214 285.79 4.0956 1.2091 1.2984 1.2527

2013 January 1.3288 118.34 7.4614 8.6217 0.8327 7.3821 25.562 294.01 4.1424 1.2288 1.3189 1.2658February 1.3359 124.40 7.4598 8.5083 0.8625 7.4232 25.475 292.73 4.1700 1.2298 1.3477 1.2951

Source: ECB Calculations: NBB

38

10.1 REFERENCE EXCHANGE RATES OF THE EURO (CONTINUED)


New Zealand dol-lar

South Africanrand

Bulgarian lev Hong Kong dollar Icelandic krona South Koreanwon

Lithuanian litas Latvian lats New Romanianleu

Singapore dollar New Turkish lira Croatian kuna

2003 1.9438 8.5317 1.9490 8.8079 86.65 1,346.90 3.4527 0.6407 1.97032004 1.8731 8.0092 1.9533 9.6881 87.14 1,422.62 3.4529 0.6652 2.10162005 1.7660 7.9183 1.9558 9.6768 78.23 1,273.61 3.4528 0.6962 3.6209 2.0702 1.67712006 1.9373 8.5312 1.9558 9.7545 87.76 1,198.58 3.4528 0.6962 3.5258 1.9941 1.8090 7.32472007 1.8627 9.6596 1.9558 10.6912 87.63 1,272.99 3.4528 0.7001 3.3353 2.0636 1.7865 7.33762008 2.0770 12.0590 1.9558 11.4541 146.25 1,606.09 3.4528 0.7027 3.6826 2.0762 1.9064 7.22392009 2.2121 11.6737 1.9558 10.8114 - 1,772.90 3.4528 0.7057 4.2399 2.0241 2.1631 7.34002010 1.8377 9.6985 1.9558 10.2994 - 1,531.82 3.4528 0.7087 4.2122 1.8055 1.9965 7.28912011 1.7600 10.0970 1.9558 10.8362 - 1,541.23 3.4528 0.7063 4.2391 1.7489 2.3378 7.43902012 1.5867 10.5511 1.9558 9.9663 1,447.69 3.4528 0.6973 4.4593 1.6055 2.3135 7.52172010 IV 1.7915 9.3785 1.9558 10.5441 - 1,538.70 3.4528 0.7095 4.2888 1.7693 1.9897 7.36832011 I 1.8107 9.5875 1.9558 10.6535 - 1,530.79 3.4528 0.7049 4.2212 1.7467 2.1591 7.4018

II 1.7992 9.7852 1.9558 11.1932 - 1,559.23 3.4528 0.7092 4.1378 1.7842 2.2579 7.3932III 1.6976 10.0898 1.9558 11.0105 - 1,532.60 3.4528 0.7093 4.2587 1.7309 2.4535 7.4629IV 1.7353 10.9209 1.9558 10.4879 - 1,542.87 3.4528 0.7017 4.3365 1.7348 2.4759 7.4968

2012 I 1.6030 10.1730 1.9558 10.1725 - 1,482.75 3.4528 0.6985 4.3533 1.6573 2.3556 7.5568II 1.6241 10.4214 1.9558 9.9460 - 1,477.96 3.4528 0.6981 4.4293 1.6200 2.3157 7.5280III 1.5462 10.3385 1.9558 9.6962 1,416.52 3.4528 0.6963 4.5255 1.5594 2.2560 7.4732IV 1.5751 11.2766 1.9558 10.0506 1,414.42 3.4528 0.6963 4.5288 1.5855 2.3272 7.5290

2012 February 1.5845 10.1289 1.9558 10.2553 - 1,485.58 3.4528 0.6988 4.3513 1.6585 2.3264 7.5815March 1.6104 10.0475 1.9558 10.2473 - 1,487.83 3.4528 0.6977 4.3668 1.6624 2.3631 7.5358April 1.6095 10.3060 1.9558 10.2163 - 1,495.40 3.4528 0.6993 4.3789 1.6459 2.3520 7.4991May 1.6538 10.4412 1.9558 9.9291 - 1,481.36 3.4528 0.6981 4.4412 1.6152 2.3149 7.5383June 1.6062 10.5050 1.9558 9.7192 - 1,458.61 3.4528 0.6969 4.4626 1.6016 2.2837 7.5434July 1.5390 10.1379 1.9558 9.5307 - 1,404.11 3.4528 0.6962 4.5549 1.5494 2.2281 7.5006August 1.5306 10.2585 1.9558 9.6177 - 1,403.93 3.4528 0.6963 4.5176 1.5480 2.2291 7.4853September 1.5721 10.6512 1.9558 9.9686 1,444.65 3.4528 0.6962 4.5022 1.5837 2.3177 7.4291October 1.5817 11.2215 1.9558 10.0574 1,435.37 3.4528 0.6962 4.5624 1.5879 2.3384 7.5140November 1.5660 11.2986 1.9558 9.9423 1,395.13 3.4528 0.6962 4.5273 1.5695 2.3010 7.5410December 1.5777 11.3179 1.9558 10.1679 1,411.41 3.4528 0.6965 4.4899 1.6009 2.3439 7.5334

2013 January 1.5877 11.6957 1.9558 10.3027 1,417.69 3.4528 0.6978 4.3835 1.6326 2.3543 7.5746February 1.5929 11.8796 1.9558 10.3608 1,452.82 3.4528 0.6999 4.3839 1.6546 2.3738 7.5868


39

10.1 REFERENCE EXCHANGE RATES OF THE EURO (CONTINUED)


Russian rouble Chinese yuan ren-minbi

Indonesian rupiah Malaysian ringgit Philippine peso Thai baht Mexican peso Brazilian real Indian rupee Israeli shekel

2006 34.112 10.0096 11,512.37 4.6044 64.379 47.5942007 35.018 10.4178 12,528.33 4.7076 63.026 44.2142008 36.421 10.2236 14,165.16 4.8893 65.172 48.475 16.2911 2.67372009 44.138 9.5277 14,443.74 4.9079 66.338 47.804 18.7989 2.7674 67.36112010 40.263 8.9712 12,041.70 4.2668 59.739 42.014 16.7373 2.3314 60.58782011 40.885 8.9960 12,206.51 4.2558 60.260 42.429 17.2877 2.3265 64.8859 4.97752012 39.926 8.1052 12,045.73 3.9672 54.246 39.928 16.9029 2.5084 68.5973 4.95362010 IV 41.719 9.0405 12,178.16 4.2304 59.240 40.728 16.8206 2.3037 60.91532011 I 39.998 9.0028 12,171.85 4.1668 59.876 41.771 16.5007 2.2799 61.9255 4.9247

II 40.275 9.3509 12,364.41 4.3451 62.256 43.592 16.8752 2.2960 64.3809 4.9490III 41.173 9.0653 12,181.09 4.2666 60.371 42.574 17.3908 2.3063 64.7000 5.0174IV 42.074 8.5682 12,111.94 4.2458 58.566 41.791 18.3742 2.4240 68.5352 5.0172

2012 I 39.550 8.2692 11,901.67 4.0121 56.421 40.630 17.0195 2.3169 65.8991 4.9431II 39.877 8.1071 11,932.86 3.9918 54.813 40.101 17.3620 2.5167 69.3757 4.9021III 39.975 7.9410 11,876.24 3.9029 52.377 39.207 16.4690 2.5359 68.9706 4.9818IV 40.306 8.1036 12,473.53 3.9632 53.387 39.778 16.7805 2.6671 70.2047 4.9853

2012 February 39.423 8.3314 11,913.82 3.9978 56.419 40.614 16.9159 2.2729 65.0589 4.9474March 38.780 8.3326 12,082.50 4.0229 56.634 40.557 16.8239 2.3674 66.5399 4.9679April 38.809 8.2921 12,068.69 4.0277 56.145 40.639 17.1900 2.4405 68.1939 4.9362May 39.559 8.0806 11,913.51 3.9688 54.908 40.077 17.4237 2.5357 69.6407 4.8974June 41.177 7.9676 11,830.22 3.9836 53.510 39.640 17.4529 2.5658 70.1673 4.8763July 39.947 7.8288 11,605.16 3.8914 51.452 38.873 16.4263 2.4914 68.1061 4.9042August 39.633 7.8864 11,777.55 3.8643 52.173 38.974 16.3600 2.5170 68.8632 4.9779September 40.401 8.1272 12,287.93 3.9599 53.629 39.842 16.6413 2.6066 70.0452 5.0717October 40.356 8.1390 12,457.30 3.9649 53.691 39.811 16.7207 2.6333 68.8589 4.9976November 40.250 7.9998 12,343.83 3.9230 52.716 39.391 16.7689 2.6512 70.3250 4.9970December 40.311 8.1809 12,643.37 4.0075 53.796 40.187 16.8664 2.7264 71.6946 4.9570

2013 January 40.185 8.2698 12,837.99 4.0413 54.105 39.924 16.8760 2.6993 72.0716 4.9706February 40.334 8.3282 12,933.75 4.1403 54.355 39.839 16.9872 2.6354 71.9342 4.9359


40

10.2 EXCHANGE RATE MECHANISM - II10.2.1 EURO CENTRAL RATES AND COMPULSORY INTERVENTION RATES

(national currency units, date of change)

1999 2004 2005

1 Jan. 28 June 2 May

DenmarkMaximum 7.62824 7.62824 7.62824Central rate 7.46038 7.46038 7.46038Minimum 7.29252 7.29252 7.29252

LithuaniaMaximum - 3.97072 3.97072Central rate - 3.45280 3.45280Minimum - 2.93488 2.93488

LatviaMaximum - - 0.808225Central rate - - 0.702804Minimum - - 0.597383

Source: ECB

N.B.: The upper and the lower intervention rates for the Danish krone are fixed to 2.25 pc of the centralrate and for the other currencies to 15 pc.

41

10.2.2 PREMIUM OR DISCOUNT COMPARED WITH THE EURO

(daily averages)

Danish krone Lithuanian litas Latvian lats

2003 -0.402004 -0.272005 -0.11 0.002006 -0.02 0.00 -0.932007 -0.13 0.00 -0.392008 -0.06 0.00 -0.022009 -0.19 0.00 0.412010 -0.18 0.00 0.842011 -0.13 0.00 0.492012 -0.22 0.00 -0.792010 IV -0.08 0.00 0.952011 I -0.07 0.00 0.29

II -0.04 0.00 0.91III -0.13 0.00 0.92IV -0.28 0.00 -0.16

2012 I -0.34 0.00 -0.61II -0.34 0.00 -0.68III -0.20 0.00 -0.93IV -0.02 0.00 -0.93

2012 February -0.35 0.00 -0.56March -0.33 0.00 -0.72April -0.28 0.00 -0.50May -0.36 0.00 -0.67June -0.37 0.00 -0.84July -0.29 0.00 -0.93August -0.20 0.00 -0.93September -0.09 0.00 -0.94October -0.03 0.00 -0.94November -0.02 0.00 -0.94December 0.00 0.00 -0.90

2013 January 0.01 0.00 -0.70February -0.01 0.00 -0.42


N.B.: Formula = {[(Rate - Central Rate) x 100] / Central Rate} where -Rate = exchange rate for the foreign currency vis-à-vis the euro (2.15 p.m. concertation). -Central Rate = pivot rate for that currency vis-à-vis the euro.

42

10.3 NOMINAL EFFECTIVE EXCHANGE RATE


Euro Australian dollar Canadian dollar Swiss franc Danish krone Pound sterling Japanese yen Norwegian krone New Zealand dol-lar

Swedish krona US dollar

2003 93.12 80.59 76.23 88.34 97.29 122.16 82.45 96.93 97.51 101.40 121.612004 96.39 85.71 80.49 88.26 98.23 127.12 84.30 93.47 103.08 102.96 112.542005 96.02 87.91 86.31 87.87 97.98 125.71 81.37 97.78 107.84 100.93 109.832006 96.60 87.26 92.20 86.69 98.00 126.47 75.88 97.54 99.89 101.43 108.112007 101.43 93.21 96.49 84.62 99.45 128.97 72.15 99.41 107.24 103.08 102.662008 107.88 91.38 96.29 89.53 102.01 112.73 82.20 100.11 100.45 101.76 98.932009 107.72 87.41 90.74 93.64 103.73 99.33 95.08 95.80 92.64 92.36 103.452010 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.002011 99.23 106.55 102.45 112.36 99.16 98.75 105.70 101.80 102.27 105.54 94.212012 93.15 109.60 102.42 112.12 96.84 103.12 108.43 103.22 106.56 106.98 97.332010 IV 99.51 104.40 100.73 104.36 99.46 99.73 103.97 98.83 100.87 103.48 96.892011 I 98.82 105.29 103.19 107.10 98.74 100.19 103.21 100.90 99.46 107.25 95.44

II 101.67 108.40 104.16 111.56 99.76 98.02 101.39 102.23 101.78 106.51 92.50III 99.25 106.58 102.85 119.19 99.37 97.65 107.12 102.47 105.97 104.15 92.66IV 97.32 105.72 99.44 111.56 98.84 99.16 111.03 101.65 101.75 104.04 96.17

2012 I 94.89 110.92 101.92 112.53 97.76 100.83 108.59 102.66 106.54 105.82 96.70II 93.44 107.41 101.46 112.47 97.34 103.32 108.55 102.57 105.05 104.56 97.99III 90.92 110.62 103.08 111.14 95.75 104.66 110.99 102.99 106.71 109.44 98.07IV 93.43 109.29 103.05 111.98 96.56 103.74 105.49 104.67 107.86 107.94 96.65

2012 January 93.85 109.79 100.94 111.81 97.49 100.61 112.81 101.04 104.80 105.61 97.31February 95.13 112.01 102.12 112.85 97.78 100.64 109.10 103.15 107.69 106.35 95.96March 95.62 111.12 102.82 113.20 97.95 101.17 103.95 103.77 107.18 105.68 96.78April 95.00 108.97 102.86 113.29 97.70 102.58 105.59 102.97 107.28 105.76 96.60May 93.11 106.21 101.48 112.44 97.35 104.12 109.20 102.49 103.18 103.52 98.03June 92.09 107.17 100.08 111.93 96.91 103.23 111.01 102.22 104.67 104.54 99.36July 90.20 110.76 101.58 111.08 95.79 104.71 111.52 101.97 106.33 107.83 99.43August 90.27 111.83 103.49 111.18 95.32 104.69 111.22 103.39 106.88 111.25 98.30September 92.36 109.20 104.39 111.47 96.15 104.51 110.29 103.65 106.94 109.31 96.30October 93.18 108.01 103.46 111.76 96.51 103.75 108.62 103.99 107.40 108.07 96.22November 92.65 109.92 102.65 111.97 96.29 103.86 106.05 104.74 107.55 107.89 97.19December 94.36 110.22 103.19 112.44 96.83 103.57 101.79 105.32 108.78 107.99 96.54

2013 January 96.37 111.32 103.09 111.52 97.37 101.80 95.22 105.61 110.10 109.14 97.23

Source: BIS Calculations: NBB

43

10.4 IRREVOCABLY FIXED CONVERSION RATES TO THE EURO

1999 2001 2007 2008 2009 2011

1 January 1 January 1 January 1 January 1 January 1 January

Belgian franc 40.3399German mark 1.95583Spanish peseta 166.386French franc 6.55957Irish punt 0.787564Italian lira 1,936.27Luxemburg franc 40.3399Dutch guilder 2.20371Austrian shilling 13.7603Portuguese escudo 200.482Finnish mark 5.94573Greek drachma - 340.750Slovenian tolar - - 239.640Maltese lira - - - 0.429300Cyprus pound - - - 0.585274Slovak koruna - - - - 30.1260Estonian kroon - - - - - 15.6466

Source: ECB

N.B.: Conversion rates fixed by the European Commission in accordance with article 109.L4 of the Treaty .

44

11. Public finances

11.5 OFFICIAL DEBT AND NET FINANCIAL BALANCE11.5.1 DETAILS OF REVENUE COLLECTED BY THE TREASURY

(cumulative monthly data, millions of euro)

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 20132003 2004 2005 2006 2007 2008 2009 2010 2011

year Jan. Jan.

Current revenue 77,035 82,019 86,890 87,887 91,483 94,197 87,888 93,392 96,747 107,843 8,806 8,030Fiscal revenue 73,511 78,449 82,591 85,120 89,388 91,798 84,217 89,242 91,683 96,874 7,715 7,759

Direct taxes 1 42,889 45,348 47,528 48,205 50,394 52,759 46,752 48,596 49,890 53,656 4,736 4,820Advance levy on professional income 30,368 31,374 32,880 34,130 35,331 37,593 37,367 37,497 39,633 41,095 3,985 4,167Advance payments 8,548 9,724 10,277 10,845 11,547 11,354 8,394 9,319 9,380 9,337 248 241Assessment of companies 754 726 827 945 1,301 1,503 782 1,205 1,436 3,788 719 479Assessment of natural persons -1,261 -1,245 -1,523 -3,320 -3,595 -3,733 -5,495 -5,103 -5,411 -5,521 -724 -821Financial assets 2,160 2,219 2,797 2,745 2,982 3,295 2,651 2,518 3,217 3,548 231 389Road taxes 1,465 1,501 1,643 1,687 1,723 1,863 1,923 1,956 769 794 54 55Other 855 1,049 627 1,173 1,105 884 1,130 1,204 866 615 223 310

Customs and excise duties 7,766 8,472 8,705 8,847 9,247 9,119 8,583 9,579 9,290 9,590 805 726Customs duties 1,562 1,713 1,807 2,035 2,236 2,233 1,836 1,974 2,098 2,088 155 149Excise duties 5,909 6,145 6,152 6,069 6,311 6,168 6,049 6,808 6,460 6,776 589 524

Excise duties on mineral oils 3,527 3,803 3,852 3,744 3,808 3,675 3,560 4,160 4,112 4,068 323 294Excise duties on tobacco 1,587 1,651 1,655 1,671 1,845 1,832 1,820 1,960 1,654 2,005 204 168Other excise duties 795 691 645 654 659 661 669 689 695 703 61 63

Other 295 613 745 742 701 718 698 797 731 726 61 53VAT, registration fees and royalties 22,856 24,630 26,358 28,068 29,747 29,920 28,882 31,067 32,503 33,629 2,174 2,214

Registration fees 2,265 2,560 3,126 3,457 3,676 3,588 3,090 3,540 3,866 3,903 378 314VAT 20,042 21,487 22,524 23,915 25,318 25,499 24,998 26,661 27,737 28,762 1,789 1,844Other 549 583 707 697 753 833 794 867 899 964 8 56

Non-fiscal revenue 3,524 3,571 4,299 2,767 2,094 2,399 3,671 4,150 5,064 10,969 1,090 271Capital revenue 9,170 6,347 2,485 1,911 2,634 2,146 6,711 4,368 2,239 2,252 168 189

Fiscal revenue 1,226 1,385 1,455 1,584 1,678 1,916 1,788 1,925 2,058 2,252 168 189Non-fiscal revenue 7,944 4,961 1,031 327 956 230 4,923 2,443 181 0 0 0

Total revenue 86,205 88,366 89,375 89,797 94,117 96,343 94,599 97,760 98,986 110,095 8,973 8,219

Sources: FPS fin, NBB

N.B.: Data concerning the ”Central government operations” are, as required by the SDDS of the IMF, disseminated on the website of the Bank ”www.nbb.be”. Excluding the additional centimes accruing to the provinces, municipalities and the Brussels conglomerate.1 Including, the change, compared with the end of the proceding year, in the outstanding amount of the direct taxes which have already been collected but not yet broken down among the various tax categories.

46

11.5.2 OFFICIAL DEBT AND NET BALANCE TO BE FINANCED OF THE TREASURY

(millions of euro)

Debt in euro Debt in foreign currencies 1 Grossdebt 2

Financialassets 2

Net debt 2 Net balanceto be fi

Debt at over one year 4 5 Debt at up to one year 4 5 Total Debt at overone year 4

Debt at up to one year 4 Total 1Grossdebt 2

Financialassets 2

Net debt Net balanceto be fi-nanced (-) 3

of which: Total 4 5 of which: Total 4 5

Total Debt at overone year 4

of which: Total 4

Total nanced ( )

Linearbonds

Classicloans 6

State notes

Total

Treasurycertificates 7

TreasuryBills

Assets of in-dividualswith thePCO 8

Total

BelgianTreasury

Bills

Total

(1) (2) (3) (4) (5) (6) (7) (8) (9) = (4) + (8) (10) (11) (12) (13) = (10) +(12)

(14) = (9) +(13)

(15) (16) = (14) -(15)

(17)

2003 205,146 5,746 8,513 229,073 26,164 854 268 30,222 259,295 2,789 935 935 3,724 263,018 5,148 257,870 -7282004 210,113 64 8,187 232,719 26,020 777 433 30,355 263,074 1,502 943 943 2,444 265,518 4,426 261,092 -6,1742005 214,239 61 7,159 236,384 26,874 750 524 31,036 267,420 1,128 612 612 1,740 269,160 5,027 264,133 -2,2752006 214,225 57 6,843 236,902 26,972 782 291 32,243 269,145 975 481 481 1,456 270,601 1,937 268,663 -4,0532007 220,904 54 6,275 246,397 30,394 1,480 232 37,891 284,288 937 0 0 937 285,226 10,094 275,131 -3,7822008 225,415 50 5,433 251,539 41,522 4,643 324 54,162 305,700 595 3,920 3,920 4,515 310,215 7,982 302,233 -27,4482009 241,643 48 4,734 273,593 40,137 458 1,229 47,232 320,826 563 0 0 563 321,389 6,308 315,081 -7,7702010 257,804 45 3,947 291,278 40,405 1,692 21 49,797 341,075 0 118 118 118 341,193 14,869 326,324 -11,1522011 272,350 42 8,454 310,704 35,096 7,381 103 52,758 363,462 0 0 0 0 363,462 17,879 345,583 -18,8682012 286,551 40 7,176 325,491 31,704 361 62 39,324 364,815 0 0 0 0 364,815 10,410 354,405 -7,9762012 January 277,250 42 8,443 315,742 33,545 5,599 52 49,587 365,330 0 853 853 853 366,183 18,864 347,319 -1,733

February 277,670 42 8,404 316,831 32,825 5,298 68 47,402 364,233 0 1,190 1,190 1,190 365,423 15,872 349,551 -3,965March 277,881 42 8,100 316,983 34,551 5,165 49 51,034 368,017 0 1,191 1,191 1,191 369,208 13,490 355,718 -10,131April 281,881 42 8,029 321,125 34,628 3,305 52 44,393 365,519 0 1,195 1,195 1,195 366,713 15,643 351,070 -5,463May 285,270 42 7,905 324,314 35,142 1,281 111 43,846 368,160 0 1,194 1,194 1,194 369,354 16,589 352,764 -7,157June 288,203 40 7,543 327,035 35,361 1,282 115 43,742 370,777 0 1,193 1,193 1,193 371,970 18,618 353,351 -7,746July 288,469 40 7,436 327,304 36,499 965 29 43,326 370,630 0 1,194 1,194 1,194 371,824 22,635 349,190 -3,583August 292,640 40 7,436 330,123 36,040 645 160 41,870 371,993 0 1,194 1,194 1,194 373,187 23,823 349,364 -3,757September 286,769 40 7,300 325,069 35,415 359 32 41,016 366,085 0 1,185 1,185 1,185 367,270 12,494 354,776 -9,178October 287,045 40 7,300 324,933 35,449 359 212 42,020 366,953 0 1,175 1,188 1,188 368,140 13,386 354,754 -9,140November 294,830 40 7,300 332,718 35,281 359 122 39,835 372,553 0 1,189 1,189 1,189 373,742 15,828 357,914 -12,298December 286,551 40 7,176 325,491 31,704 361 62 39,324 364,815 0 0 0 0 364,815 10,410 354,405 -7,976

2013 January 290,551 40 7,176 329,661 31,688 1,475 313 37,738 367,400 0 1,159 1,159 1,159 368,558 11,742 9 356,816 -1,920

Sources: FPS fin, NBB1 The breakdown euro/non-euro, on a monthly basis (since 1990), is available on the website of the Bank: www.nbb.be.2 Situation at end of period.3 Cumulative monthly data.4 Original maturity.5 Since 2002, the Treasury certificates transferred to international organisations are included in the debt at over one year rather than in the debt at up to one year. Since January 2004, the Treasury certificates transfered to IMF are no more included in the official debt of the Treasury.6 Public loans issued by the Treasury and the Road Fund.7 Except the Treasury certificates transferred to international organisations.8 Including the shareholder’s equity on the Post.9 Break in time series due to a change in the definition of the operations of the Treasury Management.

Bibliographical reference: Statistical bulletin of the National Bank of Belgium, 1998-IV, p 11 and 1999-I, p 14.

47

13. Monetary financial institutions

13.1 EUROSYSTEM13.1.1 CONSOLIDATED WEEKLY FINANCIAL STATEMENT OF THE EUROSYSTEM

(millions of euro)

2012 2013

23 Nov. 30 Nov. 7 Dec. 14 Dec. 21 Dec. 28 Dec. 4 Jan. 11 Jan. 18 Jan. 25 Jan. 1 Feb. 8 Feb. 15 Feb. 22 Feb. 1 March

AssetsGold and gold receivables 479,110 479,112 479,113 479,113 479,115 479,116 438,686 438,687 438,687 438,686 438,687 438,688 438,688 438,690 438,690Claims on non-euro area residents denominated inforeign currency 258,875 259,533 259,571 259,542 258,034 258,835 250,685 251,302 256,361 253,908 255,050 253,271 254,040 253,120 252,891

Receivables from the IMF 89,487 89,485 89,486 89,486 89,006 89,003 86,980 86,970 87,675 87,401 87,346 87,016 86,677 86,677 86,614Balances with banks and security investments,external loans and other external assets 169,388 170,048 170,084 170,056 169,028 169,832 163,705 164,332 168,685 166,507 167,704 166,255 167,362 166,443 166,278

Claims on euro area residents denominated in for-eign currency 36,024 36,751 36,875 35,085 33,690 33,615 32,340 31,388 31,538 31,210 28,703 28,191 28,537 28,071 30,765Claims on non-euro area residents denominated ineuro 16,799 16,642 17,660 17,403 19,088 19,240 19,033 21,714 22,357 21,996 22,045 21,299 19,902 20,507 21,490

Balances with banks, security investments andloans 16,799 16,642 17,660 17,403 19,088 19,240 19,033 21,714 22,357 21,996 22,045 21,299 19,902 20,507 21,490Claims arising from the credit facility under theERM-II 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Lending to euro area credit institutions related tomonetary policy operations denominated in euro 1,125,212 1,117,398 1,112,129 1,113,699 1,122,338 1,128,794 1,116,994 1,113,646 1,163,204 1,156,233 1,015,482 1,017,150 1,010,614 1,008,537 946,086

Main refinancing operations 75,428 74,590 70,764 73,217 72,682 89,661 81,097 77,725 131,242 125,302 124,149 129,308 128,680 132,172 131,116Longer-term refinancing operations 1,047,294 1,040,803 1,040,803 1,040,173 1,035,771 1,035,771 1,035,769 1,035,769 1,030,929 1,030,929 891,327 887,843 880,153 876,363 814,484Fine-tuning reverse operations 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0Structural reverse operations 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0Marginal lending facility 2,433 1,907 562 262 13,871 3,362 127 151 1,032 2 7 0 1,781 1 486Credits related to margin calls 58 97 0 48 14 0 0 1 1 0 0 0 0 0 0

Other claims on euro area credit institutions denom-inated in euro 229,450 233,676 229,504 228,987 208,292 206,254 203,816 200,114 138,027 131,320 127,288 87,170 83,669 80,121 73,592Securities of euro area residents denominated ineuro 1 586,209 586,086 585,919 585,569 585,216 585,132 584,944 585,602 582,638 582,775 575,967 576,795 607,057 607,492 608,024

Securities held for monetary policy purposes 277,255 277,063 277,063 277,012 276,807 276,807 276,903 276,598 276,160 275,236 270,869 270,617 270,511 269,878 269,558Other securities 308,954 309,023 308,856 308,557 308,408 308,325 308,041 309,004 306,478 307,539 305,099 306,178 336,546 337,614 338,466

General government debt denominated in euro 30,011 30,011 30,011 30,008 30,008 30,008 29,961 29,961 29,961 29,962 29,912 29,912 29,912 29,912 29,912Other assets 273,590 274,086 279,641 275,405 275,419 277,205 279,704 280,118 279,438 282,690 276,561 315,095 283,306 282,375 279,169

Total Assets 3,035,280 3,033,294 3,030,422 3,024,812 3,011,200 3,018,198 2,956,165 2,952,532 2,942,211 2,928,781 2,769,695 2,767,571 2,755,725 2,748,823 2,680,619

50

13.1.1 CONSOLIDATED WEEKLY FINANCIAL STATEMENT OF THE EUROSYSTEM (CONTINUED)

(millions of euro)

20132012

1 March22 Feb.15 Feb.8 Feb.1 Feb.25 Jan.18 Jan.11 Jan.4 Jan.28 Dec.21 Dec.14 Dec.7 Dec.30 Nov.23 Nov.

LiabilitiesBanknotes in circulation 885,780 889,742 895,834 898,849 910,762 913,677 904,411 893,632 887,004 881,925 883,854 883,401 881,058 878,294 881,919Liabilities to euro area credit institutions related tomonetary policy operations denominated in euro 950,848 937,748 932,182 939,630 928,014 915,849 924,018 939,540 945,285 895,574 797,938 806,283 803,865 788,007 724,500

Current accounts 506,889 489,894 486,908 504,948 489,680 456,102 462,287 507,684 540,018 479,499 408,150 443,102 466,468 415,950 374,205Deposit facility 233,558 237,813 235,296 225,063 229,384 261,689 252,615 222,608 196,399 207,198 180,957 157,198 131,885 166,437 144,710Fixed term deposits 208,500 208,500 208,500 208,500 208,500 197,559 208,500 208,500 208,500 208,500 208,500 205,500 205,500 205,500 205,500Fine-tuning reverse operations 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0Deposits related to margin calls 1,901 1,541 1,478 1,119 450 500 616 748 367 376 331 483 12 119 85

Other liabilities to euro area credit institutions de-nominated in euro 2 6,252 7,113 7,449 6,654 7,187 6,796 6,493 6,530 6,118 6,575 6,792 6,668 6,799 6,374 6,846Debt certificates issued 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0Liabilities to other euro area residents denominatedin euro 178,776 180,182 173,136 163,924 145,654 150,579 137,209 134,864 117,201 162,527 107,581 104,011 103,015 118,875 115,427

General government 130,801 133,212 122,706 115,585 105,929 108,228 96,856 97,123 83,851 126,114 72,546 66,603 67,904 82,471 80,448Other liabilities 2 47,974 46,970 50,430 48,338 39,725 42,351 40,353 37,741 33,350 36,413 35,035 37,409 35,111 36,403 34,979

Liabilities to non-euro area residents denominatedin euro 174,349 176,816 176,637 174,901 178,472 186,325 185,485 180,271 186,441 185,061 179,126 174,285 170,772 166,003 165,481Liabilities to euro area residents denominated inforeign currency 2,580 4,534 4,761 4,044 2,513 3,473 3,439 3,593 8,791 4,889 4,509 3,384 3,537 3,326 2,604Liabilities to non-euro area residents denominatedin foreign currency 7,185 6,525 6,442 5,770 6,887 6,380 5,815 5,739 4,990 6,539 7,549 6,567 7,721 7,682 7,456

Deposits, balances and other liabilities 7,185 6,525 6,442 5,770 6,887 6,380 5,815 5,739 4,990 6,539 7,549 6,567 7,721 7,682 7,456Liabilities arising from the credit facility under theERM II 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Counterpart of special drawing rights allocated bythe IMF 56,243 56,243 56,243 56,243 56,243 56,243 54,952 54,952 54,952 54,952 54,952 54,952 54,952 54,952 54,952Other liabilities 234,892 236,014 239,363 236,421 237,091 240,501 241,411 240,340 238,444 237,751 234,435 235,085 230,592 231,988 226,155Revaluation accounts 452,824 452,824 452,824 452,824 452,824 452,824 407,375 407,377 407,377 407,378 407,378 407,378 407,378 407,378 407,378Capital and reserves 85,552 85,552 85,552 85,552 85,552 85,552 85,556 85,693 85,608 85,610 85,581 85,557 86,035 86,035 87,900

Total Liabilities 3,035,280 3,033,294 3,030,422 3,024,812 3,011,200 3,018,198 2,956,165 2,952,532 2,942,211 2,928,781 2,769,695 2,767,571 2,755,725 2,748,823 2,680,619

Sources: ECB, NBB1 From July 2009 onwards: Subdivision of the serie ”Securities of euro area residents denominated in euro” in two sub-series: ”Securities held for monetary policy purposes” and ”Other securities”.2 From 2001 onwards : Split of the old serie ”Other claims” into two series ”Other liabilities” and ”Other liabilities to euro area credit institutions, denominated in euro”.

Bibliographical reference: Statistical bulletin of the National Bank of Belgium, 1999-I, p 18-19.

51

13.2 NATIONAL BANK OF BELGIUM13.2.1 MONTHLY FINANCIAL STATEMENT OF THE NATIONAL BANK OF BELGIUM

(millions of euro)

2012 2013

Feb. March April May June July Aug. Sep. Oct. Nov. Dec. Jan. Feb.

AssetsGold and gold receivables 8,899 9,093 9,093 9,093 9,116 9,116 9,116 10,073 10,073 10,073 9,223 9,223 9,223Claims on non-euro area residents denominated in foreign currency 14,040 13,688 13,764 13,922 14,529 14,656 14,578 14,356 14,442 14,297 14,021 13,982 13,738

Receivables from the IMF 7,875 7,716 7,779 7,780 8,087 8,093 8,039 7,955 8,221 8,092 7,832 7,895 7,685Balances with banks and security investments, external loans and other exter-nal assets 6,165 5,972 5,985 6,142 6,442 6,563 6,539 6,401 6,221 6,205 6,189 6,087 6,053

Claims on euro area residents denominated in foreign currency 12,929 4,841 2,503 956 1,921 5,220 2,397 258 341 344 242 288 272Claims on non-euro area residents denominated in euro 772 780 729 745 714 677 665 668 620 618 663 687 656Lending to euro area credit institutions related to monetary policy operationsdenominated in euro 36,476 39,997 39,925 40,045 39,970 39,800 39,721 39,720 39,720 40,010 40,010 29,220 19,170

Main refinancing operations 5,311 202 130 250 250 80 1 0 0 90 90 90 40Longer-term refinancing operations 17,165 39,795 39,795 39,795 39,720 39,720 39,720 39,720 39,720 39,920 39,920 29,130 19,130Fine-tuning reverse operations 14,000 0 0 0 0 0 0 0 0 0 0 0 0Structural reverse operations 0 0 0 0 0 0 0 0 0 0 0 0 0Marginal lending facility 0 0 0 0 0 0 0 0 0 0 0 0 0Credits related to margin calls 0 0 0 0 0 0 0 0 0 0 0 0 0

Other claims on euro area credit institutions denominated in euro 2,385 2,288 2,281 2,219 2,480 2,314 2,448 2,414 1,863 1,684 1,437 960 776Securities of euro area residents denominated in euro 1 23,773 23,742 23,813 23,685 23,573 23,364 23,235 23,222 23,103 23,034 22,963 22,723 22,620

Securities held for monetary policy purposes 9,460 9,310 9,310 9,208 9,186 9,126 9,019 9,028 9,018 8,937 8,956 8,816 8,735Other securities 14,313 14,432 14,503 14,477 14,387 14,238 14,216 14,194 14,085 14,097 14,007 13,907 13,885

Intra-eurosystem claims 17,607 17,455 17,263 17,035 16,892 16,659 16,377 15,935 15,611 15,415 15,344 15,071 14,898Participating interest in ECB 221 221 221 221 221 221 221 221 221 221 261 261 261Claims equivalent to the transfer of foreign reserves 1,397 1,397 1,397 1,397 1,397 1,397 1,397 1,397 1,397 1,397 1,397 1,397 1,397Net claims related to the allocation of euro banknotes within the Eurosystem 2 15,989 15,837 15,645 15,417 15,274 15,041 14,759 14,317 13,993 13,797 13,686 13,413 13,240Other claims within the Eurosystem (net) 0 0 0 0 0 0 0 0 0 0 0 0 0

Other assets 4,809 5,185 5,123 5,245 5,217 5,124 5,217 5,276 5,207 5,294 5,465 5,336 5,266Total Assets 121,690 117,069 114,494 112,945 114,412 116,930 113,754 111,922 110,980 110,769 109,368 97,490 86,619

52

13.2.1 MONTHLY FINANCIAL STATEMENT OF THE NATIONAL BANK OF BELGIUM (CONTINUED)

(millions of euro)

20132012

Feb.Jan.Dec.Nov.Oct.Sep.Aug.JulyJuneMayAprilMarchFeb.

LiabilitiesBanknotes in circulation 2 27,663 27,747 27,872 28,164 28,506 28,637 28,592 28,466 28,431 28,378 29,107 28,148 28,067Liabilities to euro area credit institutions related to monetary policy operationsdenominated in euro 18,191 28,474 29,287 24,146 31,350 24,454 26,422 30,478 19,730 24,263 19,572 22,718 19,496

Current accounts 6,694 2,150 2,982 2,567 2,133 5,880 3,972 8,123 6,156 9,879 6,481 7,234 6,347Deposit facility 8,887 21,942 24,621 20,083 27,908 16,521 20,606 20,391 11,650 12,505 11,291 11,534 10,158Fixed term deposits 2,610 4,382 1,684 1,496 1,309 2,053 1,844 1,964 1,924 1,879 1,800 3,950 2,991Fine-tuning reverse operations 0 0 0 0 0 0 0 0 0 0 0 0 0Deposits related to margin calls 294 0 0 0 0 0 0 0 0 0 0 0 0

Other liabilities to euro area credit institutions denominated in euro 3 0 0 0 0 0 0 0 0 0 0 0 0 0Liabilities to other euro area residents denominated in euro 567 650 666 618 909 188 140 223 244 419 568 460 564

General government 96 99 92 85 89 110 54 136 102 241 296 144 149Other liabilities 3 471 551 574 533 820 78 86 87 142 178 272 316 415

Liabilities to non-euro area residents denominated in euro 261 251 302 202 264 375 378 346 376 417 329 402 383Liabilities to euro area residents denominated in foreign currency 945 967 960 662 264 0 425 696 578 431 298 298 112Liabilities to non-euro area residents denominated in foreign currency 1,467 1,301 1,292 1,497 2,265 2,295 1,990 1,672 1,257 1,249 1,107 641 672Counterpart of special drawing rights allocated by the IMF 5,131 5,018 5,018 5,018 5,212 5,212 5,212 5,158 5,158 5,158 5,040 5,040 5,040Intra-eurosystem liabilities 52,482 38,589 34,973 38,407 31,069 41,091 35,783 29,085 39,304 34,471 38,161 24,416 16,842

Liabilities related to promissory notes backing the issuance of ECB debt certifi-cates 0 0 0 0 0 0 0 0 0 0 0 0 0Net liabilities related to the allocation of euro banknotes within the Eurosystem 2 0 0 0 0 0 0 0 0 0 0 0 0 0Other liabilities within the Eurosystem (net) 52,482 38,589 34,973 38,407 31,069 41,091 35,783 29,085 39,304 34,471 38,161 24,416 16,842

Other liabilities 1,930 871 923 1,030 1,238 1,343 1,477 1,507 1,611 1,692 1,783 1,964 2,040Revaluation accounts 9,014 9,231 9,231 9,231 9,365 9,365 9,365 10,321 10,321 10,321 9,433 9,433 9,433Capital and reserves 3,745 3,970 3,970 3,970 3,970 3,970 3,970 3,970 3,970 3,970 3,970 3,970 3,970

Total Liabilities 121,690 117,069 114,494 112,945 114,412 116,930 113,754 111,922 110,980 110,769 109,368 97,490 86,619

Source: NBB1 From July 2009 onwards: Subdivision of the serie ”Securities of euro area residents denominated in euro” in two sub-series: ”Securities held for monetary policy purposes” and ”Other securities”.2 From 2002 onwards: According to the accounting regime chosen by the Eurosystem on the issue of euro banknotes, a share of 8 % of the total value of the euro banknotes in circulation is allocated to the ECB on a monthly basis. The counterpart of this adjustment is disclosed as

an ”Intra-Eurosystem liability related to banknote issue”.The remaining 92 % of the value of the euro banknotes in circulation are allocated to the NCBs on a monthly basis too, whereby each NCB shows in its balance sheet a share of the euro banknotes issued corresponding to its paid-up share in the ECB’s capital (Capital Share Mechanismor CSM).The difference between the value of the euro banknotes allocated to the NCB according to the aforementioned accounting regime, and the value of euro banknotes put into circulation, is also disclosed as an ”Intra-Eurosystem claim/liability related to banknote issue”.

3 From 2001 onwards: Split of the old serie ”Other claims” into two series ”Other liabilities” and ”Other liabilities to euro area credit institutions, denominated in euro”.

Bibliographical reference: Statistical bulletin of the National Bank of Belgium, 1999-I, p 18-19.

53

13.3 CREDIT INSTITUTIONS - SOCIAL DATA13.3.2 BALANCE SHEETS OF THE CREDIT INSTITUTIONS AS A WHOLE, DATA ON CORPORATE BASIS

(millions of euro)

2012 2013

May June July Aug. Sep. Oct. Nov. p Dec. p Jan. p

AssetsLiquid ressources and interbank claims 294,521 302,987 298,334 295,940 297,260 284,102 288,013 268,789 272,965

Cash, credit balances with central banks and postal cheque offi-ces 18,165 16,937 16,127 11,318 14,909 13,557 15,400 11,572 14,062Claims on credit institutions 276,356 286,050 282,208 284,621 282,351 270,545 272,613 257,217 258,903

At sight 86,905 95,453 94,734 100,757 104,578 91,355 95,697 87,757 88,944Other claims 189,451 190,597 187,473 183,865 177,773 179,191 176,916 169,460 169,960

Claims on customers 406,060 396,927 396,772 388,146 393,991 401,851 393,111 383,064 395,399Claims originally granted by the institutions 394,960 386,485 387,282 379,490 384,622 393,236 384,540 374,843 387,976

Commercial bills 604 590 616 582 713 733 609 606 572Own acceptances 46 144 152 63 114 119 165 166 156Leasing claims and similar claims 1,046 1,035 1,048 1,040 1,037 1,032 1,030 1,045 1,033Non-mortgage loans by instalment 12,950 12,944 12,922 12,399 12,490 12,456 11,960 12,155 12,106Mortgage loans 94,859 96,414 94,343 92,372 93,696 95,217 96,730 98,120 98,775Fixed-term loans 259,724 249,566 253,126 249,451 252,780 259,425 251,216 238,894 248,800Current account advances 23,967 23,954 23,138 21,672 21,799 22,235 20,879 21,561 24,534Other credits 1,764 1,839 1,937 1,909 1,992 2,019 1,950 2,296 2,001

Other debtors 11,100 10,442 9,491 8,657 9,369 8,615 8,570 8,220 7,423Securities and other negotiable instruments 1 263,704 263,989 266,340 262,982 258,529 252,836 255,018 251,804 250,209

Public paper 4,341 4,126 5,304 4,065 4,288 4,009 4,248 4,680 4,667Eligible for refinancing at central banks 1,643 1,495 2,487 1,808 1,637 1,474 1,691 2,260 2,297Other 2,699 2,631 2,818 2,256 2,651 2,535 2,558 2,420 2,370

Other short-term negotiable instruments 3,031 4,729 3,157 2,428 2,868 2,765 2,849 2,125 2,289Public long-term securities 96,491 96,652 95,116 94,352 94,640 91,191 91,092 89,454 89,370Other long-term loans represented by securities 152,402 151,410 155,724 155,334 150,120 148,666 149,850 148,640 147,035Company shares and other equity 1,131 1,072 1,155 1,144 1,103 1,144 1,215 1,811 1,725Other securities 6,309 6,000 5,883 5,658 5,509 5,061 5,764 5,094 5,122

Fixed assets 36,500 35,538 35,650 35,618 35,413 35,295 35,384 34,525 34,720Financial fixed assets 31,736 30,798 30,779 30,746 30,594 30,461 30,517 29,684 29,583

of which: 2Loans of general governmentLoans of other issuersParticipations in affiliated enterprises 25,580 24,883 24,511 24,490 24,428 24,356 24,362 23,225 23,225Participations in other enterprises linked by a participatinginterest 3,343 3,000 3,139 3,139 3,136 3,138 3,138 3,546 3,505Other financial fixed assets 2,778 2,881 2,893 2,881 2,794 2,731 2,676 2,677 2,617

Shares 189 189 191 192 192 192 193 244 244Subordonated claims on affiliated enterprises and enter-prises linked by a participating interest 2,479 2,577 2,599 2,590 2,510 2,457 2,426 2,369 2,297Other 110 114 103 100 93 82 57 64 76

Tangible fixed assets 3,752 3,723 3,849 3,846 3,802 3,815 3,844 3,789 3,773Formation costs and intangible fixed assets 1,012 1,017 1,022 1,026 1,016 1,018 1,023 1,052 1,364

Own shares 0 0 0 0 0 0 0 0 0Unrecoverable and doubtful claims 2,339 2,392 2,368 2,392 2,396 2,366 2,396 2,358 2,270Other assets 232,497 205,798 220,232 218,073 208,745 198,558 188,527 159,737 142,856

Total Assets 1,235,621 1,207,631 1,219,698 1,203,151 1,196,332 1,175,009 1,162,448 1,100,277 1,098,419

54

13.3.2 BALANCE SHEETS OF THE CREDIT INSTITUTIONS AS A WHOLE, DATA ON CORPORATE BASIS (CONTINUED)

(millions of euro)

20132012

Jan. pDec. pNov. pOct.Sep.Aug.JulyJuneMay

LiabilitiesInterbank debts 262,526 255,365 255,707 246,549 243,907 237,496 241,802 232,677 227,259

At sight 87,233 88,393 94,453 83,488 90,520 83,130 93,193 91,333 93,526Mobilisation debts 48,607 39,663 40,339 40,125 35,684 36,259 31,150 22,279 24,324Other debts at fixed term or notice 126,687 127,309 120,915 122,937 117,704 118,107 117,459 119,066 109,410

Debts to customers 586,436 593,587 590,563 589,148 594,958 590,515 581,347 567,432 586,402Deposits 522,901 528,318 530,505 536,100 545,227 543,640 541,215 539,665 544,102

Sight deposits 161,303 165,621 164,279 162,298 168,322 165,604 166,261 161,519 164,551At fixed term or at notice < 1 month 11,497 10,882 6,366 10,096 9,802 7,930 7,956 7,806 6,416At fixed term or at notice >= 1 month and 1 year 73,143 73,989 75,199 78,516 81,802 80,829 79,596 80,927 80,673Special deposits 14,596 13,891 13,742 14,556 14,771 14,815 15,006 15,492 15,781Regulated savings deposits 226,181 227,759 229,163 229,255 229,658 230,793 232,009 235,790 238,606Linked with mortgage loans 404 407 407 418 431 427 431 440 408Deposit guarantee scheme 40 40 37 37 37 37 37 36 38

Other creditors 63,534 65,268 60,059 53,048 49,732 46,875 40,132 27,767 42,299Debts represented by a security 61,969 61,450 61,695 58,839 57,003 57,204 57,687 55,459 56,094

Certificates of deposit and similar debts 19,816 19,525 20,419 20,136 22,048 22,953 22,349 19,746 19,505Notes 33,280 32,963 32,432 31,951 31,450 30,808 30,651 29,724 29,246Bond loans 8,873 8,962 8,844 6,751 3,505 3,443 4,687 5,989 7,344

Write-downs, provisions, provident funds and deferred taxes 7,233 7,134 7,109 7,054 7,196 7,100 7,142 7,624 7,554Other liabilities 239,496 213,115 227,266 223,825 215,888 205,220 197,046 162,415 145,028Subordonated debts 22,348 22,142 21,790 21,518 21,304 21,225 20,995 20,834 21,432Own ressources 55,613 54,839 55,568 55,869 56,076 56,249 56,429 53,836 54,650

of which: 2Capital 30,978 30,859 30,635 30,620 30,626 30,650 30,67

statistical bulletin - | nbb.be · 11.5.1 details of revenue collected by the treasury 46 11.5.2...

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