Table 2: Monthly balance of payments of the euro area

(EUR billions unless otherwise indicated; transactions; non-working day and non-seasonally adjusted data)

	Cumulated figures for the 12-month period ending						February 2018			March 2018
	March 2017			March 2018
		Net	Credit	Debit	Net	Credit	Debit	Net	Credit	Debit	Net	Credit	Debit
	Source: ECB.
	1) Financial account: increases in assets and liabilities (+) and decreases in assets and liabilities (-).
	CURRENT ACCOUNT	379.8	3,733.9	3,354.1	402.9	3,920.7	3,517.9	24.2	298.8	274.6	40.6	342.9	302.4
	Goods	359.7	2,184.7	1,825.0	353.5	2,298.4	1,944.9	24.7	182.3	157.6	37.3	208.6	171.2
	Services	40.5	796.4	755.9	104.1	857.1	753.1	6.8	62.5	55.7	8.9	71.6	62.7
	Primary income	114.5	647.5	533.0	86.7	656.5	569.8	8.6	46.3	37.7	7.1	53.2	46.1
	Secondary income	-134.9	105.3	240.2	-141.4	108.7	250.1	-15.8	7.7	23.5	-12.8	9.5	22.3
CAPITAL ACCOUNT	-7.9	31.5	39.4	-8.7	35.1	43.8	0.5	2.2	1.6	-0.4	3.7	4.2
	Net	Assets	Liabilities	Net	Assets	Liabilities	Net	Assets	Liabilities	Net	Assets	Liabilities
FINANCIAL ACCOUNT 1)	366.1	1,303.1	937.0	502.0	821.5	319.5	18.4	92.2	73.9	86.1	-12.7	-98.8
Direct investment	176.9	470.1	293.2	153.1	44.9	-108.2	4.3	25.0	20.6	63.1	30.5	-32.6
Equity	243.7	456.6	212.8	257.9	34.4	-223.5	18.0	25.0	7.0	23.5	8.7	-14.8
Debt instruments	-66.8	13.5	80.3	-104.8	10.5	115.3	-13.7	-0.1	13.6	39.5	21.8	-17.7
Portfolio investment	427.0	435.3	8.2	265.4	610.0	344.6	45.9	29.6	-16.3	-32.9	30.0	63.0
Equity	-158.6	57.6	216.3	-256.0	191.2	447.2	6.6	-1.3	-7.9	-35.8	-11.4	24.4
Debt securities	585.7	377.6	-208.0	521.4	418.8	-102.6	39.3	30.9	-8.4	2.9	41.5	38.6
Short-term	-32.3	43.8	76.2	60.4	29.8	-30.6	0.4	6.5	6.1	18.6	11.9	-6.7
Long-term	618.0	333.8	-284.2	461.0	389.0	-72.0	38.9	24.4	-14.5	-15.7	29.6	45.3
Memo: Direct and portfolio investment	603.9	905.3	301.4	418.5	654.9	236.4	50.2	54.6	4.3	30.1	60.5	30.4
Financial derivatives	15.0			-8.0			0.8			-4.5
Other investment	-265.3	370.3	635.6	78.9	162.0	83.1	-32.5	37.0	69.5	51.0	-78.2	-129.2
Eurosystem	-176.1	5.5	181.6	-139.0	-2.8	136.2	-28.5	0.2	28.7	-74.4	0.1	74.5
MFIs (excluding the Eurosystem)	-86.8	262.6	349.4	114.2	63.7	-50.5	9.2	30.9	21.6	90.3	-84.4	-174.7
General government	1.4	-5.9	-7.3	12.5	-3.8	-16.3	-4.0	-1.3	2.7	-4.5	-1.3	3.2
Other sectors	-3.8	108.1	111.9	91.2	104.9	13.7	-9.2	7.3	16.5	39.6	7.3	-32.2
Of which: currency and deposits	-312.3	215.6	527.9	-50.1	20.9	70.9	-40.2	26.1	66.2	87.8	-51.6	-139.3
Reserve assets		12.4			12.6			-0.1			9.5
Errors and omissions	-5.8			107.9			-6.4			46.0