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 2017			March 2017
	March 2016			March 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	347.1	3,613.5	3,266.4	367.7	3,692.9	3,325.2	27.8	291.6	263.8	44.8	339.1	294.4
	Goods	357.0	2,102.8	1,745.8	369.2	2,160.9	1,791.7	27.5	177.2	149.7	37.9	208.8	170.9
	Services	72.0	782.2	710.3	53.2	795.9	742.8	6.2	59.4	53.2	9.7	67.4	57.7
	Primary income	46.4	624.1	577.7	77.6	627.6	550.0	7.8	46.8	39.0	8.4	54.0	45.5
	Secondary income	-128.3	104.3	232.6	-132.3	108.5	240.8	-13.7	8.2	22.0	-11.3	8.9	20.2
CAPITAL ACCOUNT	-15.9	46.3	62.2	0.6	29.9	29.2	1.2	2.8	1.6	-0.6	1.9	2.5
	Net	Assets	Liabilities	Net	Assets	Liabilities	Net	Assets	Liabilities	Net	Assets	Liabilities
FINANCIAL ACCOUNT 1)	335.0	811.4	476.4	345.5	1,127.4	781.8	-2.0	191.8	193.8	42.9	3.1	-39.7
Direct investment	95.9	641.6	545.8	136.8	427.3	290.5	0.3	95.1	94.9	12.1	22.8	10.6
Equity	108.0	538.4	430.4	267.1	436.6	169.5	14.6	18.9	4.3	64.5	70.0	5.5
Debt instruments	-12.2	103.2	115.4	-130.4	-9.4	121.0	-14.3	76.2	90.6	-52.3	-47.2	5.1
Portfolio investment	409.2	419.9	10.7	507.0	413.3	-93.7	73.5	54.3	-19.2	30.9	52.4	21.6
Equity	-91.4	20.2	111.6	-119.0	78.4	197.5	13.0	9.6	-3.4	-9.4	3.0	12.4
Debt securities	500.6	399.7	-100.9	626.1	334.9	-291.1	60.5	44.7	-15.8	40.3	49.4	9.1
Short-term	69.2	10.5	-58.7	-30.1	28.5	58.6	1.3	11.0	9.7	31.5	33.5	2.0
Long-term	431.4	389.2	-42.2	656.1	306.4	-349.7	59.2	33.7	-25.5	8.8	15.9	7.1
Memo: Direct and portfolio investment	505.1	1,061.5	556.5	643.8	840.6	196.8	73.8	149.5	75.7	43.0	75.2	32.2
Financial derivatives	89.5			1.0			4.9			0.4
Other investment	-265.5	-345.5	-80.1	-311.2	273.8	585.0	-82.7	35.4	118.2	-1.1	-73.0	-72.0
Eurosystem	-28.9	0.7	29.7	-171.6	6.4	178.0	-34.8	-2.2	32.6	-22.7	7.1	29.8
MFIs (excluding the Eurosystem)	-225.7	-346.6	-120.8	-95.8	263.3	359.1	-30.0	28.1	58.1	22.8	-81.7	-104.5
General government	5.7	-10.0	-15.7	-4.6	-6.8	-2.2	4.2	3.0	-1.3	-2.8	-1.9	0.9
Other sectors	-16.5	10.3	26.8	-39.2	10.9	50.1	-22.1	6.6	28.7	1.6	3.4	1.8
Of which: currency and deposits	-245.2	-342.4	-97.2	-350.1	180.4	530.6	-60.5	30.3	90.8	74.8	1.0	-73.8
Reserve assets		5.8			12.0			2.0			0.6
Errors and omissions	3.8			-22.8			-30.9			-1.3