Table 2: Monthly balance of payments of the euro area

(EUR billions; transactions; non−working day and non−seasonally adjusted data)

	Cumulated figures for the 12-month period ending						November 2015 (revised)			December 2015
	December 2014			December 2015
	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	240.9	3,401.6	3,160.7	310.7	3,547.7	3,237.0	30.3	294.1	263.8	41.4	307.6	266.2
	Goods	250.3	1,967.7	1,717.4	322.0	2,074.4	1,752.3	29.8	176.0	146.3	28.1	167.4	139.3
	Services	71.0	699.4	628.4	62.4	755.1	692.7	4.4	61.4	57.1	6.5	70.1	63.6
	Primary income	59.8	640.6	580.9	62.3	615.3	552.9	7.0	48.6	41.6	18.8	60.5	41.8
Secondary income	-140.2	93.9	234.1	-136.1	102.9	239.0	-10.9	8.0	18.9	-12.0	9.6	21.5
CAPITAL ACCOUNT	20.1	36.6	16.6	-13.8	41.9	55.7	2.0	3.9	1.8	2.3	5.6	3.3
	Net	Assets	Liabilities	Net	Assets	Liabilities	Net	Assets	Liabilities	Net	Assets	Liabilities
FINANCIAL ACCOUNT 1)	303.5	844.1	540.6	215.9	549.3	333.4	18.9	-32.2	-51.1	40.9	-207.5	-248.5
Direct investment	46.6	141.4	94.8	32.8	439.8	407.0	-0.4	-4.9	-4.5	6.7	7.6	0.9
Equity	-3.2	63.9	67.1	8.7	254.0	245.3	-1.8	0.5	2.3	-50.3	-56.7	-6.5
Debt instruments	49.8	77.5	27.7	24.1	185.8	161.8	1.4	-5.4	-6.8	57.0	64.3	7.4
Portfolio investment	72.8	440.8	367.9	269.4	382.5	113.1	30.2	27.0	-3.2	78.3	19.9	-58.3
Equity	-165.1	126.5	291.6	-205.8	10.5	216.3	-26.9	-3.8	23.1	-14.4	-2.8	11.5
Debt securities	237.9	314.3	76.4	475.2	372.0	-103.3	57.1	30.8	-26.3	92.7	22.8	-69.9
Short-term	112.1	89.4	-22.7	97.8	18.8	-79.0	20.4	15.5	-4.9	74.9	24.0	-51.0
Long-term	125.8	224.8	99.0	377.4	353.2	-24.2	36.7	15.3	-21.4	17.7	-1.2	-18.9
Memo: Direct and portfolio investment	119.4	582.2	462.8	302.2	822.3	520.1	29.8	22.1	-7.7	85.0	27.5	-57.4
Financial derivatives	41.8			38.6			9.8			7.3
Other investment	138.0	215.8	77.8	-135.6	-322.3	-186.7	-23.1	-66.5	-43.4	-59.5	-250.5	-191.0
Eurosystem	55.8	-2.5	-58.3	-13.1	1.5	14.6	1.0	2.9	1.9	-1.3	2.1	3.5
MFIs (excluding the Eurosystem)	103.7	139.3	35.6	-134.8	-310.6	-175.8	-27.3	-53.6	-26.3	-22.8	-219.8	-197.1
General government	10.3	4.0	-6.4	17.1	-9.5	-26.6	2.0	4.8	2.8	0.4	-0.6	-1.0
Other sectors	-31.8	75.0	106.9	-4.9	-3.8	1.1	1.3	-20.6	-21.8	-35.8	-32.2	3.6
Of which: currency and deposits	173.8	145.5	-28.3	-142.7	-279.3	-136.6	-87.0	-112.3	-25.2	28.1	-142.0	-170.0
Reserve assets		4.4			10.7			2.5			8.1
Errors and omissions	42.5			-81.0			-13.4			-2.8