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						January 2017			February 2017
	February 2016			February 2017
		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	342.2	3,629.3	3,287.1	361.5	3,661.9	3,300.5	3.1	285.3	282.2	27.9	292.1	264.2
	Goods	347.6	2,107.5	1,759.9	370.3	2,137.1	1,766.8	9.3	168.1	158.7	27.6	177.6	150.0
	Services	70.2	781.5	711.4	48.1	791.1	743.0	0.8	61.9	61.1	5.7	58.9	53.2
	Primary income	52.4	636.1	583.7	77.5	626.0	548.5	8.9	47.2	38.2	8.2	47.2	39.0
	Secondary income	-128.1	104.1	232.2	-134.4	107.8	242.2	-16.0	8.1	24.1	-13.6	8.4	22.0
CAPITAL ACCOUNT	-14.6	46.4	61.0	0.9	31.4	30.5	-0.2	2.0	2.2	1.2	2.8	1.6
	Net	Assets	Liabilities	Net	Assets	Liabilities	Net	Assets	Liabilities	Net	Assets	Liabilities
FINANCIAL ACCOUNT 1)	338.1	981.5	643.4	350.9	1,137.1	786.2	11.8	379.1	367.4	-3.2	189.8	193.0
Direct investment	177.5	759.5	582.0	153.4	438.4	285.0	16.9	108.2	91.3	-0.2	95.1	95.3
Equity	160.4	615.2	454.9	222.8	405.5	182.8	13.2	102.6	89.4	14.6	18.7	4.1
Debt instruments	17.1	144.2	127.1	-69.4	32.9	102.3	3.7	5.6	1.9	-14.7	76.4	91.2
Portfolio investment	341.4	410.4	69.0	468.2	409.7	-58.5	12.5	43.6	31.2	73.0	53.8	-19.3
Equity	-131.1	-1.6	129.5	-108.3	80.8	189.1	3.9	24.3	20.4	13.6	9.6	-4.0
Debt securities	472.5	412.0	-60.4	576.5	328.9	-247.6	8.6	19.3	10.8	59.5	44.2	-15.3
Short-term	58.5	8.5	-50.0	-55.9	1.8	57.7	-27.0	-5.3	21.8	0.1	10.5	10.4
Long-term	413.9	403.5	-10.5	632.3	327.0	-305.3	35.6	24.6	-11.0	59.4	33.7	-25.7
Memo: Direct and portfolio investment	518.9	1,169.9	651.0	621.6	848.1	226.6	29.3	151.8	122.4	72.9	148.9	76.0
Financial derivatives	102.5			0.9			2.3			5.0
Other investment	-288.3	-295.9	-7.6	-284.1	275.6	559.7	-14.8	230.2	244.9	-83.0	34.0	117.0
Eurosystem	0.9	0.3	-0.6	-153.0	2.3	155.3	31.3	-4.5	-35.8	-34.5	-2.2	32.3
MFIs (excluding the Eurosystem)	-255.8	-310.1	-54.3	-97.7	249.7	347.4	-23.2	236.3	259.6	-30.0	28.1	58.1
General government	26.3	-5.3	-31.6	-3.7	-6.9	-3.2	-0.7	-2.9	-2.2	4.2	3.0	-1.3
Other sectors	-59.8	19.1	78.9	-29.8	30.4	60.2	-22.1	1.2	23.3	-22.7	5.2	27.9
Of which: currency and deposits	-282.8	-322.5	-39.7	-383.4	108.7	492.1	-89.8	128.2	218.0	-61.1	29.8	90.8
Reserve assets		5.1			12.5			-5.1			2.0
Errors and omissions	10.5			-11.5			8.9			-32.2