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						January 2018			February 2018
	February 2017			February 2018
		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	373.7	3,697.5	3,323.7	405.5	3,922.8	3,517.2	12.6	302.7	290.1	22.7	299.0	276.3
	Goods	360.1	2,158.5	1,798.3	353.0	2,302.5	1,949.5	9.8	182.8	173.0	23.9	183.2	159.4
	Services	37.8	791.0	753.2	102.1	853.5	751.4	5.0	65.8	60.7	6.5	62.4	56.0
	Primary income	113.4	643.6	530.2	90.6	659.0	568.5	9.4	46.7	37.3	8.1	45.8	37.6
	Secondary income	-137.6	104.4	242.0	-140.2	107.7	247.9	-11.6	7.4	19.0	-15.8	7.6	23.4
CAPITAL ACCOUNT	-4.5	32.2	36.7	-12.4	33.4	45.8	1.1	2.9	1.8	0.5	2.1	1.6
	Net	Assets	Liabilities	Net	Assets	Liabilities	Net	Assets	Liabilities	Net	Assets	Liabilities
FINANCIAL ACCOUNT 1)	362.3	1,296.9	934.6	449.2	894.5	445.2	14.9	311.8	296.9	14.6	92.5	77.9
Direct investment	179.3	489.9	310.7	100.6	76.9	-23.7	26.2	37.4	11.2	4.9	29.8	25.0
Equity	101.2	363.5	262.3	365.1	182.5	-182.6	80.1	28.5	-51.6	18.1	25.0	6.9
Debt instruments	78.1	126.4	48.3	-264.5	-105.6	158.9	-53.9	8.8	62.8	-13.3	4.8	18.1
Portfolio investment	430.7	444.9	14.2	297.2	620.5	323.3	21.2	87.9	66.7	42.3	26.5	-15.8
Equity	-114.5	73.6	188.1	-247.1	197.2	444.3	23.3	51.1	27.8	7.5	-0.5	-8.1
Debt securities	545.2	371.3	-173.9	544.3	423.3	-121.0	-2.1	36.8	38.9	34.8	27.1	-7.7
Short-term	-48.2	20.0	68.1	63.2	49.6	-13.6	-21.2	-3.8	17.4	1.5	7.5	6.0
Long-term	593.4	351.4	-242.0	481.0	373.7	-107.3	19.1	40.6	21.5	33.3	19.6	-13.7
Memo: Direct and portfolio investment	610.0	934.9	324.9	397.8	697.4	299.6	47.4	125.2	77.8	47.2	56.4	9.2
Financial derivatives	6.0			4.7			0.6			0.0
Other investment	-266.5	343.2	609.7	42.9	188.5	145.7	-35.4	183.6	219.0	-32.5	36.2	68.7
Eurosystem	-153.9	2.0	156.0	-90.4	4.2	94.6	106.3	-8.1	-114.5	-28.5	0.2	28.7
MFIs (excluding the Eurosystem)	-86.8	250.5	337.3	45.5	65.3	19.8	-133.6	156.1	289.7	10.3	31.5	21.3
General government	2.1	-5.7	-7.9	14.7	-4.2	-18.9	5.8	-0.5	-6.4	-4.0	-1.3	2.7
Other sectors	-27.9	96.4	124.3	73.0	123.1	50.1	-14.0	36.2	50.2	-10.2	5.8	16.0
Of which: currency and deposits	-350.0	138.7	488.7	-59.1	82.5	141.5	-106.0	74.5	180.5	-39.0	26.8	65.9
Reserve assets		12.8			3.8			2.3			-0.1
Errors and omissions	-6.9			56.1			1.3			-8.6