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 2016			June 2016
	June 2015			June 2016
		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	299.9	3,528.8	3,228.9	354.4	3,562.4	3,207.9	16.5	290.4	273.9	37.6	308.5	270.9
	Goods	307.1	2,056.5	1,749.4	374.3	2,096.9	1,722.7	31.7	171.0	139.4	38.1	182.3	144.2
	Services	66.6	741.2	674.6	61.8	769.6	707.8	8.1	62.5	54.5	8.0	67.4	59.4
	Primary income	63.7	631.6	568.0	40.2	595.2	555.0	-14.8	46.5	61.3	-0.1	49.6	49.6
	Secondary income	-137.4	99.5	236.9	-121.8	100.6	222.5	-8.5	10.3	18.8	-8.4	9.3	17.7
CAPITAL ACCOUNT	-17.8	39.0	56.8	11.9	43.0	31.1	0.0	1.9	1.9	1.0	3.2	2.2
	Net	Assets	Liabilities	Net	Assets	Liabilities	Net	Assets	Liabilities	Net	Assets	Liabilities
FINANCIAL ACCOUNT 1)	257.5	1,001.2	743.7	425.5	941.3	515.8	45.7	142.0	96.3	59.8	-16.3	-76.0
Direct investment	87.8	492.8	405.0	121.4	529.6	408.2	38.6	59.7	21.1	2.4	-10.9	-13.3
Equity	29.7	284.0	254.3	91.3	460.1	368.8	18.4	29.5	11.1	14.2	11.7	-2.5
Debt instruments	58.1	208.8	150.7	30.1	69.5	39.4	20.2	30.2	10.0	-11.7	-22.6	-10.8
Portfolio investment	221.0	476.5	255.5	506.2	407.4	-98.8	7.6	30.5	22.9	19.0	37.6	18.6
Equity	-191.7	77.4	269.1	-117.8	-3.8	114.0	0.9	8.1	7.2	-28.9	8.4	37.3
Debt securities	412.7	399.1	-13.6	624.0	411.2	-212.8	6.7	22.4	15.7	47.9	29.2	-18.7
Short-term	72.3	47.7	-24.6	31.5	19.1	-12.4	-7.4	-6.7	0.7	15.9	26.5	10.6
Long-term	340.4	351.3	11.0	592.5	392.1	-200.3	14.1	29.1	15.0	32.0	2.7	-29.3
Memo: Direct and portfolio investment	308.8	969.2	660.4	627.6	937.0	309.4	46.2	90.2	44.0	21.4	26.7	5.3
Financial derivatives	62.8			64.1			-0.5			-0.9
Other investment	-118.9	-35.6	83.3	-276.6	-70.2	206.4	-3.2	49.2	52.4	38.5	-42.8	-81.3
Eurosystem	16.0	4.2	-11.8	-41.8	-0.8	40.9	5.4	2.7	-2.7	-18.0	2.2	20.2
MFIs (excluding the Eurosystem)	-93.7	-61.4	32.3	-195.1	-105.3	89.8	7.0	58.0	50.9	28.6	-49.2	-77.8
General government	33.5	-1.0	-34.6	14.9	6.0	-8.9	3.3	1.9	-1.5	2.0	3.8	1.8
Other sectors	-74.7	22.7	97.4	-54.6	29.9	84.5	-18.9	-13.3	5.6	25.9	0.4	-25.5
Of which: currency and deposits	-189.1	-137.9	51.2	-230.1	-103.8	126.2	-45.6	19.6	65.2	89.6	2.7	-86.9
Reserve assets		4.8			10.4			3.1			0.7
Errors and omissions	-24.7			59.1			29.2			21.2