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FEBRUARY KEY FIGURES

		Dec 2016	Jan 2017	Feb 2017	Jan 17 to Feb 17
		$m	$m	$m	% change
BALANCE ON GOODS AND SERVICES
	Trend estimates	2 098	2 775	3 320	20
	Seasonally adjusted	3 701	1 503	3 574	138
CREDITS (Exports of goods & services)
	Trend estimates	31 490	32 317	32 957	2
	Seasonally adjusted	33 061	31 936	32 405	1
DEBITS (Imports of goods & services)
	Trend estimates	29 392	29 542	29 637	-
	Seasonally adjusted	29 360	30 433	28 832	-5
- nil or rounded to zero (including null cells)

Balance on Goods and Services

• In trend terms, the balance on goods and services was a surplus of $3,320m in February 2017, an increase of $545m (20%) on the surplus in January 2017.
• In seasonally adjusted terms, the balance on goods and services was a surplus of $3,574m in February 2017, an increase of $2,071m on the surplus in January 2017.

• In seasonally adjusted terms, goods and services credits rose $469m (1%) to $32,405m. Non-monetary gold rose $352m (33%) and non-rural goods rose $236m (1%). Rural goods fell $195m (5%). Net exports of goods under merchanting remained steady at $41m. Services credits rose $76m (1%).

• In seasonally adjusted terms, goods and services debits fell $1,601m (5%) to $28,832m. Consumption goods fell $859m (10%) and intermediate and other merchandise goods fell $792m (9%). Capital goods rose $77m (1%) and non-monetary gold rose $2m. Services debits fell $28m.