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
August 2017 September 2017
September 2016 September 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 366.4 3,669.7 3,303.3 348.3 3,834.5 3,486.2 30.8 307.2 276.5 41.8 327.8 286.0
Goods 381.8 2,123.8 1,742.1 342.6 2,233.8 1,891.2 23.6 176.3 152.6 34.1 193.5 159.4
Services 48.6 784.7 736.0 61.9 824.1 762.3 7.2 71.9 64.7 10.9 73.6 62.6
Primary income 71.3 651.5 580.2 90.0 668.0 578.0 10.4 51.3 40.9 8.7 52.1 43.4
Secondary income -135.3 109.7 245.0 -146.1 108.5 254.7 -10.5 7.8 18.3 -12.0 8.6 20.6
CAPITAL ACCOUNT 8.8 40.5 31.7 -19.5 29.6 49.1 0.4 1.7 1.3 -0.2 1.7 1.9
Net Assets Liabilities Net Assets Liabilities Net Assets Liabilities Net Assets Liabilities
FINANCIAL ACCOUNT 1) 358.2 1,207.0 848.8 366.9 991.5 624.7 37.9 54.9 17.0 80.5 20.4 -60.1
Direct investment 136.0 611.9 475.8 42.8 186.8 144.1 -8.0 10.9 18.9 9.5 11.6 2.0
Equity 194.2 603.1 408.9 173.6 128.0 -45.6 5.7 4.1 -1.6 16.4 20.3 3.9
Debt instruments -58.2 8.8 66.9 -130.9 58.8 189.7 -13.7 6.8 20.5 -6.8 -8.7 -1.9
Portfolio investment 534.7 475.3 -59.4 372.1 545.1 173.0 93.4 68.6 -24.8 48.4 40.6 -7.8
Equity -175.7 -4.7 171.0 -158.1 162.3 320.4 3.4 21.8 18.5 -15.8 4.5 20.3
Debt securities 710.4 480.0 -230.4 530.2 382.8 -147.4 90.1 46.8 -43.3 64.1 36.1 -28.1
Short-term 34.6 59.9 25.3 -9.7 24.7 34.4 11.7 7.9 -3.8 6.8 20.8 14.0
Long-term 675.8 420.1 -255.8 539.9 358.1 -181.8 78.4 39.0 -39.5 57.4 15.3 -42.1
Memo: Direct and portfolio investment 670.7 1,087.1 416.4 414.9 731.9 317.0 85.4 79.6 -5.9 57.9 52.2 -5.7
Financial derivatives 57.9 16.7 -7.9 -7.8
Other investment -385.9 46.5 432.4 -65.7 241.9 307.6 -38.9 -16.0 22.9 24.0 -30.4 -54.3
Eurosystem -62.5 2.4 64.9 -138.4 -2.9 135.5 -15.8 -0.5 15.4 -29.9 2.2 32.1
MFIs (excluding the Eurosystem) -239.3 -28.2 211.0 59.7 153.1 93.3 -13.8 -13.9 -0.1 27.1 -43.5 -70.6
General government 8.3 11.3 3.0 -7.5 -11.1 -3.5 3.3 2.2 -1.1 -5.0 -1.5 3.5
Other sectors -92.4 61.1 153.5 20.5 102.8 82.3 -12.7 -3.9 8.8 31.8 12.4 -19.4
Of which: currency and deposits -380.9 -76.4 304.6 -124.5 89.9 214.5 -30.8 -11.6 19.2 17.2 -29.1 -46.3
Reserve assets 15.5 1.0 -0.7 6.4
Errors and omissions -16.9 38.1 6.7 38.8

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
August 2017 September 2017
September 2016 September 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 366.4 3,669.7 3,303.3 348.3 3,834.5 3,486.2 30.8 307.2 276.5 41.8 327.8 286.0
Goods 381.8 2,123.8 1,742.1 342.6 2,233.8 1,891.2 23.6 176.3 152.6 34.1 193.5 159.4
Services 48.6 784.7 736.0 61.9 824.1 762.3 7.2 71.9 64.7 10.9 73.6 62.6
Primary income 71.3 651.5 580.2 90.0 668.0 578.0 10.4 51.3 40.9 8.7 52.1 43.4
Secondary income -135.3 109.7 245.0 -146.1 108.5 254.7 -10.5 7.8 18.3 -12.0 8.6 20.6
CAPITAL ACCOUNT 8.8 40.5 31.7 -19.5 29.6 49.1 0.4 1.7 1.3 -0.2 1.7 1.9
Net Assets Liabilities Net Assets Liabilities Net Assets Liabilities Net Assets Liabilities
FINANCIAL ACCOUNT 1) 358.2 1,207.0 848.8 366.9 991.5 624.7 37.9 54.9 17.0 80.5 20.4 -60.1
Direct investment 136.0 611.9 475.8 42.8 186.8 144.1 -8.0 10.9 18.9 9.5 11.6 2.0
Equity 194.2 603.1 408.9 173.6 128.0 -45.6 5.7 4.1 -1.6 16.4 20.3 3.9
Debt instruments -58.2 8.8 66.9 -130.9 58.8 189.7 -13.7 6.8 20.5 -6.8 -8.7 -1.9
Portfolio investment 534.7 475.3 -59.4 372.1 545.1 173.0 93.4 68.6 -24.8 48.4 40.6 -7.8
Equity -175.7 -4.7 171.0 -158.1 162.3 320.4 3.4 21.8 18.5 -15.8 4.5 20.3
Debt securities 710.4 480.0 -230.4 530.2 382.8 -147.4 90.1 46.8 -43.3 64.1 36.1 -28.1
Short-term 34.6 59.9 25.3 -9.7 24.7 34.4 11.7 7.9 -3.8 6.8 20.8 14.0
Long-term 675.8 420.1 -255.8 539.9 358.1 -181.8 78.4 39.0 -39.5 57.4 15.3 -42.1
Memo: Direct and portfolio investment 670.7 1,087.1 416.4 414.9 731.9 317.0 85.4 79.6 -5.9 57.9 52.2 -5.7
Financial derivatives 57.9 16.7 -7.9 -7.8
Other investment -385.9 46.5 432.4 -65.7 241.9 307.6 -38.9 -16.0 22.9 24.0 -30.4 -54.3
Eurosystem -62.5 2.4 64.9 -138.4 -2.9 135.5 -15.8 -0.5 15.4 -29.9 2.2 32.1
MFIs (excluding the Eurosystem) -239.3 -28.2 211.0 59.7 153.1 93.3 -13.8 -13.9 -0.1 27.1 -43.5 -70.6
General government 8.3 11.3 3.0 -7.5 -11.1 -3.5 3.3 2.2 -1.1 -5.0 -1.5 3.5
Other sectors -92.4 61.1 153.5 20.5 102.8 82.3 -12.7 -3.9 8.8 31.8 12.4 -19.4
Of which: currency and deposits -380.9 -76.4 304.6 -124.5 89.9 214.5 -30.8 -11.6 19.2 17.2 -29.1 -46.3
Reserve assets 15.5 1.0 -0.7 6.4
Errors and omissions -16.9 38.1 6.7 38.8