financial transactions with countries outside the 15-nation area -- came in higher than the 7.0 billion euros forecast by analysts polled by Thomson Financial News."This reflected deficits in current transfers (10.3 billion euros) and income (4.7 billion euros) which were only partly compensated for by a surplus in services (4.2 billion euros)," the bank said in a statement.
Wednesday's press release marked the first that new eurozone members Cyprus and Malta were counted in the balance of payments, although the ECB said the two countries had only a minor impact on the overall euro area results.In the financial account, combined direct and portfolio investment recorded net inflows of 22 billion euros in January, compared to 17.5 billion euros in December.Net inflows in portfolio investment alone reached 54 billion euros while net outflows in direct investment hit 32 billion euros.
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