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AUGUST KEY FIGURES

		Jun 2016	Jul 2016	Aug 2016	Jul 16 to Aug 16
		$m	$m	$m	% change
BALANCE ON GOODS AND SERVICES
	Trend estimates	-2 229	-2 231	-2 239	-
	Seasonally adjusted	-3 183	-2 121	-2 010	5
CREDITS (Exports of goods & services)
	Trend estimates	26 372	26 567	26 729	1
	Seasonally adjusted	25 795	26 846	26 856	-
DEBITS (Imports of goods & services)
	Trend estimates	28 601	28 797	28 968	1
	Seasonally adjusted	28 978	28 967	28 866	-
- nil or rounded to zero (including null cells)

Balance on Goods and Services

• In trend terms, the balance on goods and services was a deficit of $2,239m in August 2016, an increase of $8m on the deficit in July 2016.
• In seasonally adjusted terms, the balance on goods and services was a deficit of $2,010m in August 2016, a decrease of $111m (5%) on the deficit in July 2016.

• In seasonally adjusted terms, goods and services credits rose $10m to $26,856m. Non-rural goods rose $406m (3%) and rural goods rose $36m (1%). Non-monetary gold fell $521m (22%). Net exports of goods under merchanting remained steady at $47m. Services credits rose $90m (1%).

• In seasonally adjusted terms, goods and services debits fell $101m to $28,866m. Intermediate and other merchandise goods fell $295m (3%), capital goods fell $76m (1%) and consumption goods fell $16m. Non-monetary gold rose $218m (42%). Services debits rose $68m (1%).