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						October 2017			November 2017
	November 2016			November 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	379.2	3,685.5	3,306.4	388.6	3,879.6	3,491.0	35.4	321.6	286.3	37.8	330.6	292.7
	Goods	374.9	2,122.5	1,747.6	350.9	2,271.0	1,920.1	27.4	193.6	166.2	35.1	206.0	170.9
	Services	43.2	784.8	741.6	73.3	828.4	755.1	6.3	69.8	63.5	2.7	66.3	63.6
	Primary income	99.4	669.7	570.3	109.2	673.5	564.3	13.1	50.5	37.4	12.6	50.9	38.3
	Secondary income	-138.3	108.6	246.9	-144.8	106.8	251.6	-11.4	7.7	19.1	-12.6	7.4	19.9
CAPITAL ACCOUNT	0.1	33.0	32.9	-18.9	32.0	51.0	1.4	2.9	1.6	1.1	2.9	1.7
	Net	Assets	Liabilities	Net	Assets	Liabilities	Net	Assets	Liabilities	Net	Assets	Liabilities
FINANCIAL ACCOUNT 1)	253.6	1,172.8	919.2	444.6	1,009.8	565.2	39.1	188.6	149.5	35.1	53.0	17.9
Direct investment	126.4	534.6	408.3	87.9	131.1	43.2	26.8	34.4	7.6	-18.0	-4.7	13.2
Equity	104.4	551.9	447.5	150.9	76.9	-74.0	-8.6	-13.1	-4.5	-29.7	-5.7	24.0
Debt instruments	22.0	-17.2	-39.2	-63.0	54.2	117.2	35.4	47.6	12.1	11.7	1.0	-10.7
Portfolio investment	488.4	380.1	-108.3	375.5	645.3	269.8	50.1	27.2	-22.9	33.2	49.8	16.6
Equity	-88.2	6.3	94.5	-259.2	190.6	449.8	-19.3	25.0	44.2	-6.0	10.3	16.3
Debt securities	576.6	373.8	-202.8	634.7	454.7	-180.0	69.4	2.3	-67.1	39.2	39.5	0.3
Short-term	-2.2	19.7	22.0	38.7	43.1	4.5	10.1	-11.5	-21.6	8.0	-1.6	-9.7
Long-term	578.9	354.1	-224.8	596.0	411.6	-184.5	59.3	13.8	-45.5	31.2	41.2	10.0
Memo: Direct and portfolio investment	614.8	914.8	300.0	463.4	776.4	313.0	76.9	61.7	-15.2	15.3	45.1	29.8
Financial derivatives	33.7			16.9			-0.2			0.4
Other investment	-412.7	206.5	619.2	-42.0	210.2	252.2	-34.9	129.9	164.8	13.3	1.3	-11.9
Eurosystem	-84.6	-1.9	82.7	-85.0	3.3	88.3	33.0	-2.9	-35.9	3.5	3.2	-0.4
MFIs (excluding the Eurosystem)	-261.5	142.6	404.1	28.2	126.1	97.9	-81.5	118.3	199.8	1.3	-18.8	-20.0
General government	-3.9	-2.8	1.1	0.6	-9.3	-9.8	-0.1	-0.4	-0.3	1.0	-0.6	-1.6
Other sectors	-62.7	68.6	131.4	14.3	90.0	75.8	13.7	14.8	1.1	7.4	17.5	10.1
Of which: currency and deposits	-464.9	19.5	484.4	-80.7	87.2	168.0	-112.2	45.3	157.5	12.7	-18.4	-31.1
Reserve assets		17.8			6.3			-2.7			6.2
Errors and omissions	-125.6			74.9			2.3			-3.9