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						June 2017			July 2017
	July 2016			July 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	373.4	3,601.2	3,227.8	338.5	3,776.2	3,437.8	29.8	328.5	298.7	32.5	318.4	285.9
	Goods	369.9	2,090.7	1,720.8	340.9	2,205.3	1,864.4	33.0	191.4	158.4	30.9	186.0	155.1
	Services	63.3	779.1	715.8	41.9	813.0	771.1	4.9	72.9	68.0	5.2	73.8	68.6
	Primary income	65.1	623.6	558.5	97.5	649.9	552.4	2.9	55.5	52.6	9.0	50.8	41.8
	Secondary income	-124.9	107.8	232.7	-141.9	108.0	249.9	-10.9	8.7	19.6	-12.6	7.9	20.5
CAPITAL ACCOUNT	9.4	41.9	32.4	-13.2	28.7	42.0	1.1	2.5	1.4	1.0	2.4	1.5
	Net	Assets	Liabilities	Net	Assets	Liabilities	Net	Assets	Liabilities	Net	Assets	Liabilities
FINANCIAL ACCOUNT 1)	369.0	937.8	568.7	381.8	901.2	519.4	57.2	-71.2	-128.4	42.9	-20.6	-63.6
Direct investment	81.8	443.7	362.0	157.5	156.5	-1.0	-42.2	-40.5	1.7	9.3	-176.2	-185.5
Equity	152.8	443.1	290.4	172.2	91.6	-80.7	-42.7	-33.8	8.9	4.9	-182.6	-187.5
Debt instruments	-71.0	0.6	71.6	-14.7	65.0	79.7	0.5	-6.7	-7.2	4.3	6.3	2.0
Portfolio investment	479.1	420.5	-58.6	336.0	514.3	178.4	47.7	74.0	26.3	13.9	64.1	50.3
Equity	-179.1	-33.9	145.2	-201.8	137.0	338.8	-10.3	17.3	27.6	-37.9	23.2	61.2
Debt securities	658.2	454.4	-203.8	537.8	377.4	-160.5	58.0	56.7	-1.3	51.8	40.9	-10.9
Short-term	25.8	18.1	-7.8	6.5	36.4	29.9	26.3	15.6	-10.7	-13.4	-17.7	-4.3
Long-term	632.3	436.3	-196.0	531.3	341.0	-190.4	31.7	41.1	9.4	65.2	58.6	-6.6
Memo: Direct and portfolio investment	560.9	864.2	303.4	493.5	670.9	177.4	5.5	33.4	27.9	23.1	-112.1	-135.2
Financial derivatives	40.7			33.3			-8.8			-3.5
Other investment	-249.1	16.3	265.4	-148.9	193.2	342.0	59.1	-97.3	-156.3	28.5	100.2	71.7
Eurosystem	-41.8	-4.3	37.5	-115.5	6.6	122.1	-40.6	2.6	43.2	36.0	-1.0	-37.0
MFIs (excluding the Eurosystem)	-224.5	-40.9	183.6	36.6	137.7	101.2	85.4	-114.5	-199.8	-0.3	115.1	115.4
General government	15.1	5.2	-9.9	-7.3	-8.8	-1.4	-3.3	-2.5	0.7	0.8	0.1	-0.7
Other sectors	2.1	56.3	54.2	-62.6	57.6	120.2	17.5	17.1	-0.4	-7.9	-14.0	-6.0
Of which: currency and deposits	-275.2	-60.5	214.7	-199.0	24.9	223.9	143.6	-20.4	-164.0	-71.2	20.8	92.0
Reserve assets		16.5			3.8			1.4			-5.2
Errors and omissions	-13.8			56.5			26.3			9.5