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						March 2017			April 2017
	April 2016			April 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	358.9	3,609.7	3,250.8	352.2	3,693.4	3,341.2	46.4	339.4	293.0	21.5	298.1	276.6
	Goods	363.4	2,101.3	1,737.9	358.8	2,157.0	1,798.2	39.0	208.0	169.0	24.7	174.1	149.4
	Services	69.9	781.8	711.9	56.2	799.6	743.5	9.8	68.1	58.3	6.0	63.9	57.8
	Primary income	49.5	621.8	572.3	78.3	628.8	550.5	8.9	54.3	45.4	5.9	51.6	45.7
	Secondary income	-123.8	104.9	228.7	-141.1	108.0	249.1	-11.3	9.0	20.2	-15.2	8.5	23.7
CAPITAL ACCOUNT	-16.7	46.0	62.7	-0.1	29.0	29.2	-0.6	2.0	2.6	-0.3	1.6	1.9
	Net	Assets	Liabilities	Net	Assets	Liabilities	Net	Assets	Liabilities	Net	Assets	Liabilities
FINANCIAL ACCOUNT 1)	371.2	843.0	471.8	328.8	1,132.2	803.4	40.8	1.8	-39.0	15.8	149.2	133.4
Direct investment	78.7	615.9	537.2	170.9	453.4	282.5	12.1	22.8	10.6	24.1	27.9	3.8
Equity	94.4	531.7	437.3	281.9	450.2	168.3	64.4	69.8	5.4	9.2	12.9	3.7
Debt instruments	-15.7	84.3	100.0	-111.0	3.2	114.2	-52.2	-47.1	5.2	14.9	15.1	0.1
Portfolio investment	513.0	442.1	-70.9	408.9	401.8	-7.1	30.7	52.3	21.6	45.8	42.7	-3.1
Equity	-124.0	8.0	132.0	-116.3	95.6	211.9	-9.0	3.0	12.0	-7.6	22.2	29.8
Debt securities	637.0	434.1	-202.9	525.2	306.2	-219.0	39.7	49.3	9.6	53.4	20.5	-32.9
Short-term	56.9	19.1	-37.7	-20.1	17.7	37.8	31.8	33.6	1.9	-24.3	-21.3	2.9
Long-term	580.2	415.0	-165.2	545.3	288.5	-256.8	7.9	15.6	7.7	77.7	41.9	-35.8
Memo: Direct and portfolio investment	591.7	1,058.0	466.3	579.8	855.2	275.4	42.8	75.0	32.2	69.9	70.7	0.7
Financial derivatives	65.0			24.2			0.4			1.3
Other investment	-293.5	-288.1	5.5	-284.4	243.7	528.1	-3.0	-74.2	-71.2	-51.1	81.6	132.7
Eurosystem	-37.1	-4.3	32.8	-132.0	7.5	139.5	-22.7	7.1	29.8	30.9	-5.6	-36.5
MFIs (excluding the Eurosystem)	-227.1	-294.8	-67.6	-79.3	251.7	331.0	22.4	-81.6	-104.0	-48.1	101.5	149.5
General government	2.4	-12.7	-15.1	-3.1	-2.5	0.6	-2.9	-2.0	0.9	-2.2	-0.1	2.1
Other sectors	-31.7	23.7	55.4	-70.0	-13.1	57.0	0.1	2.2	2.1	-31.7	-14.2	17.5
Of which: currency and deposits	-302.6	-322.3	-19.7	-359.3	105.6	464.9	74.8	1.0	-73.9	-139.0	-13.7	125.3
Reserve assets		8.0			9.2			0.6			-4.4
Errors and omissions	29.0			-23.3			-5.0			-5.4