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FEBRUARY KEY FIGURES

		Dec 2015	Jan 2016	Feb 2016	Jan 16 to Feb 16
		$m	$m	$m	% change
BALANCE ON GOODS AND SERVICES
	Trend estimates	-3 571	-3 614	-3 600	-
	Seasonally adjusted	-3 956	-3 156	-3 410	-8
CREDITS (Exports of goods & services)
	Trend estimates	25 698	25 395	25 158	-1
	Seasonally adjusted	25 117	25 573	25 265	-1
DEBITS (Imports of goods & services)
	Trend estimates	29 269	29 009	28 758	-1
	Seasonally adjusted	29 072	28 729	28 675	-
- 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 $3,600m in February 2016, a decrease of $14m on the deficit in January 2016.
• In seasonally adjusted terms, the balance on goods and services was a deficit of $3,410m in February 2016, an increase of $254m (8%) on the deficit in January 2016.

• In seasonally adjusted terms, goods and services credits fell $308m (1%) to $25,265m. Non-monetary gold fell $290m (20%) and rural goods fell $200m (5%). Non-rural goods rose $232m (2%). Net exports of goods under merchanting remained steady at $40m. Services credits fell $50m (1%).

• In seasonally adjusted terms, goods and services debits fell $54m to $28,675m. Intermediate and other merchandise goods fell $269m (3%). Consumption goods rose $272m (3%), non-monetary gold rose $23m (7%) and capital goods rose $23m. Services debits fell $102m (2%).