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 2016			November 2016
	November 2015			November 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	317.4	3,606.3	3,288.9	355.8	3,571.9	3,216.1	32.6	295.8	263.3	40.5	312.4	271.9
	Goods	345.7	2,101.1	1,755.4	372.6	2,096.9	1,724.3	27.0	177.3	150.3	33.6	189.5	155.8
	Services	59.2	764.0	704.8	68.3	779.1	710.8	7.8	65.4	57.6	3.6	63.0	59.4
	Primary income	49.9	638.0	588.1	44.9	598.0	553.2	9.0	46.0	37.0	14.4	52.7	38.3
	Secondary income	-137.4	103.2	240.6	-130.0	97.9	227.8	-11.2	7.2	18.3	-11.2	7.2	18.4
CAPITAL ACCOUNT	-12.5	46.4	58.9	5.0	38.2	33.3	1.1	3.1	2.0	1.7	3.7	2.0
	Net	Assets	Liabilities	Net	Assets	Liabilities	Net	Assets	Liabilities	Net	Assets	Liabilities
FINANCIAL ACCOUNT 1)	230.2	977.1	746.9	334.2	1,028.2	694.0	-9.1	244.2	253.3	32.5	43.4	10.9
Direct investment	193.1	654.8	461.7	284.8	427.4	142.5	71.3	95.9	24.6	32.1	52.3	20.2
Equity	166.8	435.6	268.9	221.3	451.3	230.0	15.4	41.3	25.9	17.2	21.5	4.3
Debt instruments	26.3	219.2	192.8	63.5	-24.0	-87.5	55.9	54.6	-1.3	14.9	30.8	16.0
Portfolio investment	80.8	403.9	323.0	443.3	389.9	-53.4	-3.3	-12.0	-8.7	-38.4	-22.4	16.0
Equity	-187.9	36.0	223.9	-163.9	8.0	171.9	12.3	13.1	0.8	-26.4	-8.2	18.1
Debt securities	268.8	367.9	99.2	607.2	381.9	-225.3	-15.6	-25.1	-9.5	-12.0	-14.2	-2.1
Short-term	20.1	-0.6	-20.7	7.8	14.0	6.1	-14.7	-33.8	-19.2	-2.7	-8.2	-5.5
Long-term	248.7	368.5	119.8	599.4	368.0	-231.4	-1.0	8.7	9.7	-9.4	-6.0	3.4
Memo: Direct and portfolio investment	273.9	1,058.7	784.7	728.1	817.2	89.1	68.0	83.9	15.9	-6.3	29.9	36.2
Financial derivatives	65.1			41.6			8.8			2.4
Other investment	-112.3	-150.1	-37.9	-452.7	152.2	604.9	-81.8	155.6	237.4	34.1	8.8	-25.3
Eurosystem	-14.3	3.9	18.2	-81.1	-2.0	79.1	-6.0	-7.6	-1.6	-11.3	1.4	12.7
MFIs (excluding the Eurosystem)	-143.2	-223.2	-80.0	-265.0	137.8	402.8	-58.6	159.2	217.8	20.1	-22.4	-42.5
General government	34.2	-2.4	-36.7	0.2	-0.8	-1.0	-8.8	-3.7	5.1	0.2	-2.0	-2.1
Other sectors	10.9	71.5	60.6	-106.9	17.1	124.0	-8.4	7.8	16.2	25.2	31.8	6.6
Of which: currency and deposits	-162.4	-220.6	-58.2	-504.1	-5.5	498.6	-117.1	103.4	220.5	9.6	-36.3	-45.9
Reserve assets		3.5			17.2			-4.1			2.2
Errors and omissions	-74.7			-26.6			-42.8			-9.7