Chart 9 US foreign direct investment assets in the euro area by industry of euro area affiliate (USD billions)  Source: US Bureau of Economic Analysis. Notes: The euro area is based on data available for Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal and Spain. The latest observation is for 2018.
A forthcoming ECB study suggests that the income recorded on US FDI assets in the euro area plays a decisive role in the asymmetries observed in the bilateral euro area-US current account balance (Chart 10) that I mentioned earlier.