This reflected surpluses for goods (€26.2 billion), primary income (€9.8 billion) and services (€7.3 billion), which were partly offset by a deficit for secondary income (€12.5 billion).

The 12-month cumulated current account for the period ending in October 2017 recorded a surplus of €349.6 billion (3.2% of euro area GDP), compared with one of €363.4 billion (3.4% of euro area GDP) for the 12 months to October 2016. This development was due to a decrease in the surplus for goods (from €373.7 billion to €340.4 billion) and an increase in the deficit for secondary income (from €137.9 billion to €150.6 billion). These were partly offset by increases in the surpluses for services (from €48.4 billion to €66.2 billion) and primary income (from €79.1 billion to €93.6 billion).