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						May 2017			June 2017
	June 2016			June 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	378.1	3,622.0	3,243.9	341.5	3,758.2	3,416.7	17.9	330.0	312.0	28.1	329.0	300.9
	Goods	375.6	2,107.8	1,732.2	343.0	2,194.3	1,851.3	28.6	195.5	166.9	32.3	192.7	160.4
	Services	62.7	780.6	717.9	45.0	808.6	763.5	3.6	68.0	64.4	4.6	72.5	67.9
	Primary income	61.8	626.4	564.6	93.9	646.7	552.9	-7.0	55.8	62.7	2.3	55.1	52.8
	Secondary income	-122.0	107.2	229.2	-140.3	108.6	248.9	-7.4	10.7	18.0	-11.1	8.7	19.8
CAPITAL ACCOUNT	10.9	43.0	32.2	-13.9	28.5	42.4	0.3	1.6	1.3	1.1	2.4	1.3
	Net	Assets	Liabilities	Net	Assets	Liabilities	Net	Assets	Liabilities	Net	Assets	Liabilities
FINANCIAL ACCOUNT 1)	372.6	954.8	582.2	385.9	1,065.7	679.8	8.5	97.8	89.3	94.6	-63.1	-157.7
Direct investment	66.2	534.4	468.3	172.7	334.3	161.6	7.7	22.9	15.2	-44.4	-39.7	4.7
Equity	117.7	507.6	389.9	186.0	279.4	93.4	8.6	17.5	8.9	-40.5	-31.8	8.7
Debt instruments	-51.5	26.8	78.4	-13.3	54.9	68.2	-0.9	5.4	6.3	-3.8	-7.9	-4.0
Portfolio investment	493.2	386.6	-106.5	355.8	506.3	150.5	-15.4	79.1	94.5	39.4	73.4	34.0
Equity	-145.2	-30.0	115.2	-211.5	123.2	334.7	-60.0	14.4	74.4	-25.2	17.3	42.5
Debt securities	638.4	416.6	-221.7	567.3	383.1	-184.2	44.6	64.7	20.1	64.6	56.1	-8.5
Short-term	5.1	20.5	15.5	28.4	44.8	16.4	21.7	22.6	1.0	26.5	15.5	-11.0
Long-term	633.3	396.1	-237.2	538.9	338.3	-200.6	22.9	42.1	19.1	38.1	40.6	2.6
Memo: Direct and portfolio investment	559.3	921.1	361.7	528.5	840.6	312.1	-7.7	101.9	109.7	-5.0	33.7	38.8
Financial derivatives	40.0			50.2			3.1			-8.5
Other investment	-237.1	-16.7	220.4	-201.0	166.8	367.8	11.7	-8.7	-20.4	106.7	-89.8	-196.5
Eurosystem	-47.2	-0.7	46.6	-115.3	1.7	117.0	5.8	-3.4	-9.2	-0.5	2.6	3.2
MFIs (excluding the Eurosystem)	-187.0	-93.2	93.8	-35.9	107.1	143.0	-11.3	-10.3	1.0	85.4	-114.5	-199.9
General government	14.7	7.5	-7.2	-10.3	-11.0	-0.7	-1.4	-1.3	0.1	-3.2	-2.4	0.7
Other sectors	-17.6	69.6	87.3	-39.4	69.0	108.4	18.6	6.3	-12.3	25.1	24.5	-0.5
Of which: currency and deposits	-201.1	-58.2	142.8	-255.3	29.4	284.7	0.9	-12.2	-13.1	143.5	-20.5	-164.0
Reserve assets		10.4			8.1			1.4			1.4
Errors and omissions	-16.4			58.2			-9.8			65.4