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						July 2017			August 2017
	August 2016			August 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	364.1	3,663.6	3,299.6	341.5	3,825.9	3,484.4	37.1	319.2	282.1	29.6	307.8	278.1
	Goods	378.7	2,122.7	1,744.0	341.1	2,225.7	1,884.6	30.1	184.1	154.0	22.5	176.9	154.4
	Services	49.2	780.7	731.5	58.3	821.3	763.0	9.8	75.2	65.4	7.3	72.1	64.8
	Primary income	68.1	651.8	583.7	87.4	669.1	581.7	9.9	51.9	41.9	10.3	51.1	40.7
	Secondary income	-131.9	108.4	240.3	-145.2	109.7	255.0	-12.8	8.0	20.8	-10.5	7.7	18.2
CAPITAL ACCOUNT	9.7	41.2	31.5	-18.9	30.3	49.2	0.9	2.4	1.4	0.5	1.8	1.3
	Net	Assets	Liabilities	Net	Assets	Liabilities	Net	Assets	Liabilities	Net	Assets	Liabilities
FINANCIAL ACCOUNT 1)	331.3	1,185.0	853.7	345.7	967.0	621.3	40.7	-20.1	-60.8	41.1	56.9	15.8
Direct investment	48.1	598.9	550.8	104.2	231.9	127.7	8.7	-177.4	-186.1	-6.5	12.7	19.2
Equity	175.2	602.1	426.9	190.3	162.9	-27.4	6.9	-178.5	-185.4	5.4	4.2	-1.1
Debt instruments	-127.1	-3.2	123.9	-86.1	69.0	155.2	1.8	1.1	-0.7	-11.9	8.4	20.4
Portfolio investment	535.4	475.8	-59.7	344.6	515.1	170.5	13.8	65.8	52.0	95.2	68.9	-26.3
Equity	-140.9	-6.5	134.4	-186.5	146.9	333.3	-38.6	23.3	61.9	3.2	21.8	18.6
Debt securities	676.4	482.2	-194.1	531.0	368.2	-162.9	52.4	42.5	-9.9	92.1	47.1	-45.0
Short-term	16.6	23.7	7.1	-22.4	18.3	40.7	-12.8	-16.5	-3.7	11.8	7.9	-3.9
Long-term	659.8	458.5	-201.2	553.5	349.9	-203.5	65.2	59.0	-6.2	80.3	39.2	-41.0
Memo: Direct and portfolio investment	583.5	1,074.6	491.1	448.8	747.0	298.2	22.5	-111.5	-134.1	88.7	81.6	-7.1
Financial derivatives	48.0			27.3			-5.3			-7.9
Other investment	-317.2	45.4	362.6	-131.7	191.3	323.1	28.6	101.9	73.2	-39.1	-16.1	22.9
Eurosystem	-53.9	-1.7	52.2	-132.5	2.4	135.0	36.1	-1.0	-37.1	-15.8	-0.5	15.4
MFIs (excluding the Eurosystem)	-219.0	-26.0	193.0	36.3	101.9	65.6	-0.1	115.6	115.7	-13.8	-13.9	-0.1
General government	9.5	10.3	0.7	-4.2	-8.9	-4.7	0.3	-0.2	-0.6	3.3	2.2	-1.1
Other sectors	-53.9	62.8	116.7	-31.3	95.9	127.2	-7.7	-12.5	-4.8	-12.8	-4.0	8.8
Of which: currency and deposits	-306.9	-58.9	248.0	-159.3	37.9	197.2	-70.6	21.4	92.1	-31.0	-11.8	19.2
Reserve assets		16.9			1.3			-5.2			-0.7
Errors and omissions	-42.5			23.1			2.7			11.0